Ringgit jumps on Opec, yuan at three-month high, other Asian currencies drift

Not enough comparable past events yet for a historical read.

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.

• May 24, 2017The Chinese Yuan Jumps to a 2-Month High - Business Insider-1.1%
• Oct 1, 2024Malaysian ringgit hits more than 3-year high on China stimulus, leads Asian FX rally-0.0%
• Nov 6, 2019China sets yuan midpoint at three-month high | Financial Post+0.2%
• Oct 19, 2021China's yuan jumps to 4-month high as property concerns ebb | Reuters-0.7%
• Jul 31, 2017Emerging Asian currencies edge up as dollar sinks; yuan heads for third straight monthly gain-0.1%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Apr 30, 2026Ringgit closes softer against major currencies on oil volatility, US Fed stance | Malay Mail-10.8%
• Dec 10, 2020Ringgit higher against US dollar at opening | Malaysia now+5.2%
• Apr 22, 2020Ringgit closes higher as sentiment on oil improves - Focus Malaysia+33.7%
• Sep 28, 2026Asian currencies: Thai baht hits two-month low as oil prices surge - Markets - Business Recorder+9.1%
• Oct 21, 2021Commodity currencies at multi-month highs, pound firm on BoE hike bets-1.9%