China's yuan rises on US dollar weakness, on track for best year since 2008

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.

• Aug 31, 2020China lifts yuan midpoint to highest since July 2019 on persistent dollar weakness | The Straits Times+0.1%
• Jul 6, 2020Risk-on move dents dollar; yuan set for best day since December-0.4%
• Jan 28, 2026Korean won rises to 3-month high amid broad weakness of U.S. dollar | Yonhap News Agency+0.4%
• Apr 30, 2025Mexican Peso Clocks Best Month Since 2021 on Dollar Weakness - Bloomberg-0.5%
• Jun 20, 2019US dollar on track for biggest 2-day drop this year on dovish Fed-1.1%

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.

• Aug 31, 2020China lifts yuan midpoint to highest since July 2019 on persistent dollar weakness | The Straits Times-0.3%
• Sep 21, 2017China's yuan inches up as post-Fed US dollar rally fades - The Business Times+1.1%
• Sep 30, 2020China’s yuan records best performance against dollar since 2008 - MarketWatch-0.4%
• Mar 29, 2018China's yuan to post biggest quarterly rise against US dollar in a decade - The Business Times+0.2%
• Nov 5, 2019China: Yuan surges past 7 per dollar for the first time since August-0.3%