Inflation is the Key | OANDA

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.

• Sep 29, 2023Peeling the Inflation Onion, Revisited+1.1%
• Feb 27, 2023Why inflation in the U.S. is a problem for the Bank of Canada-0.7%
• Nov 14, 2024Morning Bid: A twist in the U.S.'s inflation tale?-0.1%
• Jan 30, 2024AUD range bound ahead of key inflation data and Fed policy update - OFX (NZ)+0.4%
• Nov 30, 2023Euro-Dollar Falls on Big Inflation Drop+0.6%

After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.

• Aug 4, 2025China – the CNY and deflationary equilibrium-0.4%
• Aug 23, 2024CNY at a glance: Is the worst of China’s depreciation pressure over? | ING THINK-0.7%
• Dec 13, 2018The Yuan: Key Factors to Watch in 2019 - Caixin Global+0.2%
• Sep 19, 2017Yuan Fix Is Back in the Spotlight - Bloomberg+0.7%
• Feb 28, 2023USD/CNY: Yuan could see a modest appreciation in the coming quarters – Commerzbank — Octa-0.2%