The yuan was little changed against the dollar as year-end foreign-exchange settlements by Chinese companies offset strength in the greenback. Stronger-than-expected U.S. jobs data boosted expectations of a possible Federal Reserve rate increase in December.
Seasonal dollar selling supports the yuan, while higher U.S. rate expectations support the dollar. The competing forces limited near-term movement in the exchange rate.
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.
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.