China's yuan dips as Biden infrastructure plan lifts dollar

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.

• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-1.0%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2.2%
• Nov 9, 2020For investors, China's yuan is the big winner from Biden victory | Financial Post-0.4%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.4%
• Mar 30, 2020China's overnight onshore dollar/yuan swap points fall to lowest level since 2007 | Financial Post-0.0%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-0.2%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2.3%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post+1.6%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.2%
• Jul 27, 2021Canadian dollar falls as China stock sell-off spooks investors | Financial Post-0.5%