What Is China Trying to Do With Its Currency?

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.

• Apr 30, 2019China is letting its currency decline in a 'snub' to Trump, ING says+0.4%
• Oct 26, 2018China says it will do battle with speculators betting against its currency-0.4%
• Jun 11, 2019Why ‘cracking seven’ is a big deal for China’s currency-0.1%
• May 13, 2022China’s currency just had its worst month ever. It’s still dropping-1.1%
• Aug 24, 2018What's really going on with China's economy?-0.5%

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.

• Aug 24, 2018What's really going on with China's economy?-0.0%
• Nov 18, 2016Euro record losing streak: what's behind the drop in the single currency?+1.0%
• Jun 22, 2018Why the Aussie dollar is plummeting, and what to do+0.2%
• Mar 28, 2024Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg+0.0%
• Dec 8, 2016FX: What Next for Currencies in Trump Sell-Off?+0.1%