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The US dollar eased after China tariffs took effect, which lifted the Australian dollar to $0.626 from a low of $0.6085 earlier in the week. The Australian dollar is often used as a liquid proxy for the yuan because of Australia's exposure to China.
Tariffs on China raise uncertainty over Chinese import demand for US and Australian feed grains and meal. A weaker dollar can, however, support dollar-priced commodities, so the net price effect on feed inputs is mixed.
reuters.comHannah LangFeb 4, 2025After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% over 20.
Not enough comparable past events yet for a historical read.
After 40 past bullish trade events, Chinese Yuan (CNY per USD) moved a median +0.6% over 5 sessions (75% higher; middle half +0.0% to +1.4%), and +1.1% 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.
