Robust dollar, tumbling yuan underline need for US-China currency deal

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.

• Nov 14, 2016Chinese yuan tumbles to a seven-year low as dollar surges | South China Morning Post+1.3%
• Oct 31, 2018China to sell new yuan bills in Hong Kong – a new tool to control the currency now at a 10-year low | South China Morning Post-0.7%
• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+1.7%
• Dec 3, 2024China’s yuan hits lowest level in months as Trump tariff threats roil currencies | South China Morning Post-0.2%
• Sep 28, 2022Chinese yuan: Currency hits record lows against US dollar - BBC News-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.

• Nov 14, 2016Chinese yuan tumbles to a seven-year low as dollar surges | South China Morning Post+1.4%
• Apr 20, 2020Coronavirus boost to the US dollar shows China must do more to win global trust in the renminbi | South China Morning Post+1.1%
• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+0.7%
• Sep 18, 2017Dollar hits seven week high against the yen as Fed meeting on US interest rates eyed | South China Morning Post+0.4%
• Sep 28, 2022Chinese yuan: Currency hits record lows against US dollar - BBC News-1.8%