China sells 10 billion yuan of bills in Hong Kong to protect currency ahead of National Day, US trade war talks

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 8, 2021China’s yuan strengthens as trade surplus hits US$72 billion in November amid robust export growth | South China Morning Post+0.0%
• Jun 20, 2016Chinese yuan strengthens ahead of Brexit vote | South China Morning Post+0.5%
• Nov 28, 2016China’s central bank talks up the yuan against US dollar ‘uncertainties’ | South China Morning Post-0.5%
• Jul 21, 2023China’s yuan: will economic recovery lift currency out of the jungle after Fed effect fades? | South China Morning Post-0.0%
• Feb 9, 2021Opinion | Why a stronger yuan is still in China’s best interests | South China Morning Post+0.1%