Dollar drops as stocks surge, Fed keeps policy unchanged

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.

• Jul 28, 2021US dollar, stocks dip as Fed keeps taper timing close to chest-0.4%
• Apr 28, 2021US Fed keeps rates unchanged as Powell says ‘not time for taper talk’; Dollar falls+0.3%
• Jun 20, 2019Fed rate-cut sign boosts stocks, dollar drops-1.1%
• Aug 25, 2017Stocks rise, U.S. dollar eases as Yellen omits policy | Reuters-0.3%
• Dec 14, 2017Dollar nurses losses after Fed keeps outlook unchanged; ECB eyed | Gold Eagle-0.4%

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.

• Jan 5, 2017Yuan's surge knocks dollar as China moves on speculators+0.1%
• Nov 14, 2022U.S. dollar gains ground as investors focus on future Fed path-0.9%
• Jul 30, 2026CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg-0.3%
• Dec 20, 2022China's yuan edges up as unchanged key lending rates offer no surprise | Financial Post-0.2%
• Sep 21, 2017China's yuan inches up as post-Fed US dollar rally fades - The Business Times+1.1%