China's yuan weakens on US dollar strength, set for 2nd weekly loss

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.

• May 30, 2023US dollar set to be stronger for longer - The Business Times+0.6%
• Mar 26, 2021China yuan firms but poised for 6th week of losses on dollar strength, China-West tensions+0.3%
• Mar 8, 2023China's yuan weakens to 2-month low, with key 7-per-dollar level in sight - The Business Times-1.3%
• Jun 21, 2023China's yuan dips to 7-month low on lack of stimulus news, dollar strength | The Business Standard+0.5%
• Mar 24, 2021China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder+0.9%

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.

• May 30, 2023US dollar set to be stronger for longer - The Business Times-0.5%
• Oct 3, 2018US dollar strengthens after Fed comments - The Business Times+0.6%
• Mar 24, 2021China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder+0.8%
• Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+1.4%
• Nov 7, 2024Vietnam sets dong fix rate at record low amid US dollar strength - The Business Times+1.0%