
AUD/USD steadied near 0.6560 after reaching a three-week high as markets cut the chance of an RBA rate cut to 15% from 60%. Traders awaited Australian inflation data and the Trump-Xi meeting, with trade talks reportedly reaching consensus on key issues.
Easing US-China trade tensions support Chinese demand for US soybeans and grains, while the firmer AUD reflects reduced RBA easing expectations.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
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.