Why ‘cracking seven’ is a big deal for China’s currency

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.

• May 9, 2024Why China's tolerance for a cheaper currency may be temporary+0.0%
• Dec 29, 2016What Is China Trying to Do With Its Currency? - WSJ-1.0%
• Apr 30, 2019China is letting its currency decline in a 'snub' to Trump, ING says+0.4%
• Mar 31, 2021China’s currency set for worst month since US trade war-0.5%
• Jul 30, 2018China's falling yuan stokes currency tensions+0.3%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Jul 9, 2024China’s central bank is stuck in a policy dilemma-8.2%
• Mar 25, 2019Competing Currencies Mostly Bearish for U.S. Crops-2.2%
• Feb 28, 2022Soymeal Demand Slowing in China+5.4%
• Jan 13, 2025FX Talking: Trump’s currency, your problem | bundles | ING THINK+2.0%
• Mar 28, 2019No, Brazil's Currency Is Not Going To R$5 If Pension Reform Fails+1.3%