# GLOBAL MARKETS-Asian stocks up on hopes trade tensions ease, Trump comments hit dollar

> 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.

- Date: 2018-08-21 · published 2018-08-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10045-global-markets-asian-stocks-up-on-hopes-trade-tensions-ease-trump-comments-hit
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/global-markets-asian-stocks-up-on-hopes-trade-tensions-ease-trump-comments-hit-idUSL3N1VC2E8/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.