China's yuan inches up as tight liquidity pushes interbank rates higher

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.

• Dec 20, 2022China's yuan edges up as unchanged key lending rates offer no surprise | Financial Post-0.2%
• Apr 22, 2021China's yuan nears six-week high as U.S. yields ease | Financial Post-0.2%
• Mar 18, 2021China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms | Financial Post+0.3%
• Nov 6, 2019China sets yuan midpoint at three-month high | Financial Post+0.2%
• Sep 21, 2017China's yuan inches up as post-Fed US dollar rally fades - The Business Times+1.1%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

• Sep 18, 2019Fed cuts interest rates again, gives mixed signals on next move | Financial Post+0.2%
• Sep 17, 2020Dollar's post Fed gains fizzle as long rate pause seen | Financial Post+1.6%
• Jun 14, 2017Stocks fall, dollar pares losses after Fed forges ahead with rate hike - Financial Post+0.6%
• Mar 31, 2026Should US interest rates be even higher? This rule says yes-0.7%
• Jul 9, 2024China’s yuan slides on weaker guidance; Powell testimony in focus - The Pound Hub-0.6%