China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

• Apr 22, 2021China's yuan nears six-week high as U.S. yields ease | Financial Post-0.2%
• Nov 6, 2019China sets yuan midpoint at three-month high | Financial Post+0.2%
• Jan 28, 2021China's yuan inches up as tight liquidity pushes interbank rates higher | Financial Post-0.3%
• Aug 30, 2021China’s yuan touches 3-week high - Business & Finance - Business Recorder-0.3%
• Mar 10, 2020Yuan edges up as virus spread slows, Xi visits Wuhan | Financial Post+0.7%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Apr 22, 2021China's yuan nears six-week high as U.S. yields ease | Financial Post-0.3%
• Nov 9, 2020China sets yuan midpoint at 28-month high after Joe Biden wins presidency | Financial Post-0.1%
• Aug 27, 2021Pound hits over 1-week high - Business & Finance - Business Recorder-0.9%
• Jun 24, 2021Latam FX cheers weak U.S. data; Mexican central bank awaited | Financial Post+0.2%
• Aug 5, 2024As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom | South China Morning Post-0.4%