◂ Event Timeline

Nov 14, 2022MACROChina

U.S. dollar gains ground as investors focus on future Fed path

China's onshore yuan rose to nearly a two-month high against the dollar, aided by the central bank's guidance and improved sentiment. Support came from property-sector measures and the easing of some COVID-19 restrictions.

WHY IT MATTERS

A stronger yuan and better sentiment on China's economy modestly support import demand and the outlook for commodity purchases.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
reuters.comSinéad CarewNov 14, 2022

Price reaction & history

Chinese Yuan (CNY per USD)▼bearishSO FAR1d -1.6%5d -0.9%20d -2.9%

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.

Aug 28, 2025US Dollar: China Allows Faster USD/CNY Gains as Selling Pressure Hits Greenback | Investing.com-0.2%
Jan 5, 2017Dollar eases off 14-year peak as yuan's jump spooks investors+0.1%
Sep 24, 2026Vietnamese Dong Gains Ground as Dollar Weakens Against Asian Currencies-0.1%
Sep 25, 2024Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus-0.2%
Apr 6, 2021Yuan edges up as investors catch up with dollar weakness after holiday-0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Linked price moves

Chinese Yuan (CNY per USD)-1.6%1 period to Nov 14, 2022-3.9σ
On Nov 14 the onshore yuan hit a near two-month high, helped by central bank guidance, property support and COVID easing, directly matching the move day.
Chinese Yuan (CNY per USD)-3.1%5 periods to Nov 14, 2022-5.3σ
Onshore yuan reached near two-month high on PBOC guidance, property support and COVID easing, extending the move to the end of the window.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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