China cuts lending rates to boost economic growth following weaker Q2 GDP data

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.

• Jan 17, 2023China's 2022 economic growth one of the worst on record, post-pandemic policy faces test | Reuters-3.1%
• Aug 31, 2026Fed Chief Warsh Puts Prices Over Jobs, Lifting Rate-Hike Odds to 57% - Seoul Economic Daily+1.4%
• Oct 9, 2018IMF cuts world economic growth forecasts on tariff war, emerging market strains+2.5%
• Sep 26, 2022China Lets Its Currency Weaken Past a Key Barrier and Tries to Manage the Fall-4.3%
• Aug 15, 2022Soy dives on China's economic uncertainty | Financial Post-10.8%

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.

• Jul 22, 2024China cuts several major interest rates to support fragile economy-0.3%
• Feb 20, 2020Yuan falls to over 2-month low as China cuts lending benchmark | Financial Post+0.3%
• Jun 20, 2023Dollar buoyant; yuan wobbles after China cuts lending benchmarks+1.6%
• Sep 27, 2018World’s two largest economies diverge as China leaves key interest rate unchanged in wake of US Fed cut | South China Morning Post-0.1%
• Jan 19, 2024China’s yuan set to weaken for a third week against rebounding dollar - Markets - Business Recorder-0.4%