Beijing trims yuan fixing, managing appreciation amid 4-year high for offshore currency

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.

• Jul 31, 2026China’s offshore yuan hits 3-year high as Beijing signals policy support | South China Morning Post-0.1%
• Nov 26, 2025China sets strongest yuan fix in over a year as Fed-cut bets rise | South China Morning Post-0.3%
• Sep 26, 2019China sells 10 billion yuan of bills in Hong Kong to protect currency ahead of National Day, US trade war talks | South China Morning Post+0.2%
• Feb 23, 2018Chinese yuan against the dollar: China currency appreciation+0.1%
• Jan 3, 2023Yuan strengthens to a 4-month high on optimism over prospects of China’s post-Covid economic recovery | South China Morning Post-1.8%