Macroscope | China’s yuan sinks, but neither its central bank nor investors are showing signs of panic | South China Morning Post

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.

• Jun 28, 2024China’s central bank puts the yuan’s exchange-rate swings in crosshairs | South China Morning Post-0.0%
• Jun 29, 2018Offshore yuan drops faster than onshore currency as trade war fears, central bank policies spook international investors | South China Morning Post+0.2%
• Nov 2, 2021Macroscope | Why the wind behind the Chinese yuan’s strength is likely to die down in 2022 | South China Morning Post-0.1%
• Sep 21, 2017Across The Border | Why Beijing’s tight grip on the economy is bad news for the yuan | South China Morning Post+1.1%
• Jan 3, 2017Yuan starts 2017 weaker after PBOC cuts fixing by most in two weeks | South China Morning Post-0.1%

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.

• Dec 3, 2024China’s yuan hits lowest level in months as Trump tariff threats roil currencies | South China Morning Post+0.5%
• Jun 3, 2019China: Revising yuan lower but 7.0 should hold | articles | ING THINK-2.4%
• May 23, 2024China Allows Yuan to Drop as Outflows, Dollar Test Central Bank’s Grip - Caixin Global-2.9%
• Jul 9, 2024China’s central bank is stuck in a policy dilemma-8.2%
• Jun 9, 2019China Central Banker Says No Specific Yuan Level Important - Bloomberg+4.7%