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The yuan dipped to about 7.30 per dollar as the Trump administration signalled willingness to lower tariffs on China. Bessent called tariffs above 100% unsustainable, and the PBoC set a firmer-than-expected midpoint.
Signs of tariff de-escalation would ease pressure on Chinese purchases of US soybeans and feed ingredients, supporting US export demand.
tradingview.comApr 24, 2025After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
