China Lets Its Currency Weaken Past a Key Barrier and Tries to Manage the Fall

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.

• Jan 9, 2018China Changes the Way It Manages Yuan After Currency's Jump - Bloomberg-0.9%
• Apr 30, 2019China is letting its currency decline in a 'snub' to Trump, ING says+0.4%
• Jul 28, 2021Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall-0.6%
• Dec 29, 2016What Is China Trying to Do With Its Currency? - WSJ-1.0%
• Mar 8, 2023China's yuan weakens to 2-month low, with key 7-per-dollar level in sight - The Business Times-1.3%

After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

• Jun 11, 2019Why ‘cracking seven’ is a big deal for China’s currency+6.3%
• Dec 3, 2024China’s yuan hits lowest level in months as Trump tariff threats roil currencies | South China Morning Post+0.5%
• Jul 22, 2024China cuts lending rates to boost economic growth following weaker Q2 GDP data-1.8%
• May 29, 2024Pressure mounts on Beijing to allow renminbi to weaken - The Pound Hub-4.1%
• Nov 12, 2024China’s yuan weakens to 3-1/2-month low as Trump tariff threat weighs - Markets - Business Recorder-0.2%