CNY at a glance: A surprise post-US election outperformer

After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.

• Aug 23, 2024CNY at a glance: Is the worst of China’s depreciation pressure over? | ING THINK-0.7%
• Sep 30, 2020Pause in yuan's rise to persist through November 3 US election-0.4%
• Apr 29, 2025Chinese yuan at a glance: There and back again | articles | ING THINK-0.3%
• Aug 30, 2024China’s yuan volatility rising on interest rates, US presidential election: Goldman | South China Morning Post-0.1%
• Oct 7, 2024US election, jobs data to pressure China’s yuan as stimulus shores it up: analysts | South China Morning Post+0.7%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Sep 30, 2020Pause in yuan's rise to persist through November 3 US election-1.1%
• Nov 9, 2016Dollar surges most since Brexit after Trump election surprise (VIDEO) | Malay Mail+3.1%
• Nov 1, 2024US economic outperformance to keep dollar strong: Reuters poll-0.0%
• May 2, 2024In Asia, US dollar’s growing strength gives rise to stability concerns, suspected rate intervention | South China Morning Post-0.7%
• Feb 29, 2024FX Daily: US and eurozone inflation may endorse market pricing | articles | ING THINK-0.5%