Renminbi on course for steepest monthly fall as China’s economy slows

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

• Jun 10, 2022China's renminbi will likely remain weak for the rest of 2022 | Oxford Economics+0.2%
• Aug 24, 2018What's really going on with China's economy?-0.5%
• Sep 10, 2019China economy: Yuan (Renminbi) could hit 7.3 by end of 2019, CLSA says-0.8%
• Jan 16, 2017Yuan Top Forecaster Sees No End to Losses as China Economy Slows - Bloomberg-0.6%
• Jun 30, 2016China's yuan sees biggest quarterly fall on record+0.7%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Sep 10, 2019China economy: Yuan (Renminbi) could hit 7.3 by end of 2019, CLSA says+6.5%
• May 29, 2024Chinese yuan falls to six-month low on dollar strength - Nikkei Asia-4.1%
• Dec 15, 2022U.S. soybean futures fall; corn, wheat firm with focus on economy | Reuters-0.1%
• May 1, 2025Yuan falls to 2007 lows as US tariffs on China kick in-0.4%
• Aug 15, 2022Soy dives on China's economic uncertainty | Financial Post-10.8%

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• Aug 15, 2022Soy dives on China's economic uncertainty | Financial Post-1.1%
• Mar 1, 2020Grains, like economy, trend lower on coronavirus concerns - Agweek | #1 source for agriculture news, farming, markets+1.7%
• Jan 17, 2023China's 2022 economic growth one of the worst on record, post-pandemic policy faces test | Reuters-1.8%
• Nov 28, 2024Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast+1.1%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post-1.5%