Yuan falls on dollar strength after Fed's upbeat economic outlook

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.

• Mar 30, 2020Yuan largely flat as pledge to support economy offsets dollar strength | Financial Post-0.0%
• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-1.0%
• 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%
• May 29, 2024Chinese yuan falls to six-month low on dollar strength - Nikkei Asia-0.1%

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.

• Feb 2, 2021Dollar stands tall on better U.S. outlook vs Europe | Financial Post-0.3%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post+1.6%
• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-0.2%
• Sep 2, 2020Dollar buoyed by upbeat U.S. economic data; Aussie falls+0.5%
• May 16, 2022Dollar slips from 2-decade highs; yuan falls on weak China data | Financial Post-1.2%