Chinese Yuan Extends Drop to Six-Month Low as U.S. Yields Rise

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.

• May 9, 2022Chinese Yuan Slips To An 18-Month Low - Asia Financial News+0.8%
• Apr 2, 2020Yuan falls to near 6-month low as global coronavirus fears grow - CGTN-0.5%
• Nov 13, 2024Gold extends fall as dollar, Treasury yields rise-0.3%
• Jan 20, 2020Dollar holds firm after strong US data, Chinese yuan extends run+0.6%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2.3%

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.

• May 13, 2022China’s yuan extends declines to new 19 month low, set for 6th weekly drop-1.1%
• May 23, 2024China Allows Yuan to Drop as Outflows, Dollar Test Central Bank’s Grip - Caixin Global+0.1%
• May 29, 2024Chinese yuan falls to six-month low on dollar strength - Nikkei Asia-0.1%
• May 9, 2022Chinese Yuan Slips To An 18-Month Low - Asia Financial News+1.8%
• Apr 2, 2020Yuan falls to near 6-month low as global coronavirus fears grow - CGTN-0.5%