China’s yuan strengthens past 7 per US dollar amid easing of coronavirus curbs

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.

• Jun 20, 2016Chinese yuan strengthens ahead of Brexit vote | South China Morning Post+0.5%
• Dec 5, 2022Yuan jumps past 7 per dollar as China eases some COVID curbs-0.9%
• 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%
• Aug 10, 2017China’s yuan strengthens to 10-month high against US dollar+0.3%
• Jan 3, 2023Yuan strengthens to a 4-month high on optimism over prospects of China’s post-Covid economic recovery | South China Morning Post-1.8%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Dec 5, 2022Yuan jumps past 7 per dollar as China eases some COVID curbs+0.3%
• Sep 29, 2017Can the US dollar make a comeback? | South China Morning Post+0.3%
• Aug 5, 2024As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom | South China Morning Post-0.4%
• Dec 1, 2022US dollar strength has ‘reached peak’, China’s central bank says, as Fed considers scaling back rate hikes | South China Morning Post-0.6%
• Aug 21, 2017Macroscope | How to read the outlook for the US dollar | South China Morning Post-0.6%