Asian currencies rise as dollar falls; yuan weakens after PBOC move

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 28, 2021Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall-0.6%
• Jun 25, 2019Most Asian currencies weaker than they should be against dollar - Nikkei Asia-0.4%
• Nov 25, 2016Dollar pulls back after skittling world currencies-0.5%
• Jan 17, 2023Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder+1.3%
• Nov 25, 2016Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today-0.5%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Jan 5, 2021Dollar falls as yuan fix lifts risk currencies, Georgia elections in focus+0.6%
• Jan 25, 2018Dollar weakness a double-edged sword for Asian currencies-0.3%
• Dec 7, 2022Dollar falls against major currencies amid economy concerns; yuan strengthens | Reuters-1.0%
• Sep 12, 2022Latam currencies rally as dollar weakens ahead of U.S. inflation data+0.9%
• Mar 13, 2023Thai baht climbs as Asian currencies gain on weak US dollar+0.3%