Exclusive: China taking first steps to pay for oil in yuan this year - sources

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

• May 1, 2026Japan steps into FX market for first time in two years to boost yen, sources say-0.6%
• Feb 1, 2018Happy Chinese Yuan | snaps | ING THINK+0.9%
• Jan 23, 2018China’s yuan edges up on stronger fixing, vulnerable dollar | Business News - The Indian Express-0.9%
• Jan 5, 2017China's Offshore Yuan is Bossing the US Dollar Around Today+0.1%
• Nov 9, 2020For investors, China's yuan is the big winner from Biden victory | Financial Post-0.1%

After 102 past neutral macro events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.

• Jul 29, 2026ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate | Financial Post-4.4%
• Dec 1, 2017Crude oil prices to be under pressure in first half of 2018: S&P-1.5%
• Jul 30, 2020Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues | S&P Global+2.6%
• Aug 31, 2021Two Major Surprises Today: China's PMI On The Downside And Eurozone CPI On The Ups | Investing.com-1.2%
• Mar 26, 2018China oil futures launch may threaten primacy of U.S. dollar: UBS-4.2%