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Asian stocks rose on hopes that Beijing and Washington would ease trade hostilities. Trump's comments accusing China and Europe of manipulating currencies and criticizing Fed rate hikes weighed on the dollar, while the onshore yuan extended gains to a fourth session.
Easing trade tensions would support US soybean and feed exports to China, while currency comments softened the dollar. Market moves remain headline-driven, with no lasting change to supply or demand fundamentals.
reuters.comShinichi SaoshiroAug 21, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
