VND likely to depreciate 1% toward end-2018 as CNY weakens

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.

• Jul 30, 2018China's yuan hits 13-month low on weaker fixing and depreciation bets+0.3%
• May 30, 2018Why we’re forecasting the yuan to depreciate | articles | ING THINK-0.2%
• Oct 24, 2022CNY/USD: China Yuan Weakens Past 7.3 Per Dollar, All-Time Low Since 2010 - Bloomberg+0.1%
• Jul 30, 2018Renminbi/Chinese Yuan Depreciates as a Result of Economic Weakness and Loosening Policies - ActionForex+0.3%
• Nov 28, 2022Dollar weakens as U.S. bond yields drop-2.0%

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.

• Sep 26, 2018Euro likely to stay weak against dollar until mid-2019 | The National+0.2%
• Jul 1, 2021USD/INR: Rupee Extends Losses; Further Depreciation Likely+0.5%
• Oct 30, 2025South African Rand Weakens to Over 1-Week Low+1.1%
• Sep 26, 2022USD reaches high price, currencies depreciate to record low+0.2%
• Sep 26, 2023Yen weakens past 149 to dollar, nearing 1-year low - Nikkei Asia+0.8%