For investors, China's yuan is the big winner from Biden victory

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.

• Apr 1, 2021China's yuan dips as Biden infrastructure plan lifts dollar | Financial Post-0.2%
• Nov 9, 2020China sets yuan midpoint at 28-month high after Joe Biden wins presidency | Financial Post-0.4%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.4%
• Mar 20, 2023China's yuan eases after reserve ratio cut; Fed decision in focus | Financial Post-0.3%
• Mar 19, 2020Chinese Yuan Slides As Finance Investors Rush To Safe Haven Dollar+0.9%

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.

• Nov 9, 2020China sets yuan midpoint at 28-month high after Joe Biden wins presidency | Financial Post-0.1%
• Dec 29, 2017Who knew? The loonie is on track for its biggest yearly gain in eight years - Financial Post-1.1%
• Apr 22, 2021China's yuan nears six-week high as U.S. yields ease | Financial Post-0.3%
• Mar 13, 2023Sterling rises as investors rethink U.S. rate-hike path after SVB collapse | Financial Post+0.3%
• Mar 18, 2021China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms | Financial Post+0.4%