PBOC set the onshore yuan at its strongest in 2 months

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 26, 2019China lifts yuan midpoint to strongest in 4-1/2 months | Financial Post-0.6%
• Aug 30, 2024Yuan hits strongest in more than a year as flows offset fundamentals - The Business Times-0.1%
• Jul 31, 2026Offshore Yuan Holds at Strongest Level Since 2023-0.1%
• Sep 25, 2024Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus-0.2%
• Mar 3, 2026Yuan Rallies Most in 10 Months as PBOC Strengthens Fix Into NPC - Bloomberg+0.4%

After 50 past neutral macro events, Soybeans moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), and -0.8% over 20.

• Nov 13, 2024PBOC pulls China’s yuan off 3-month low with stronger-than-expected fix - Markets - Business Recorder-0.5%
• Mar 12, 2026Offshore Yuan Falls on Strong Dollar — TradingView News-3.2%
• Nov 18, 2021Investors more bullish on yuan, short bets on Thai baht ease: Reuters poll | WSAU News/Talk 550 AM · 99.9 FM | Wausau, Stevens Point-0.8%
• Sep 15, 2017Russia set records in the export of grain+0.4%
• Oct 30, 2024Argentina's Milei Taps Unseasonal Source in Search of Dollars: Shock Therapy | Financial Post+3.0%