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The US dollar rose against the Vietnamese dong and major peers on Tuesday after President-elect Trump said he would sign an executive order imposing tariffs on goods from Mexico, Canada and China. The dollar hit its highest level since July 30 against the yuan, and the Australian dollar fell to a more-than-three-month low.
Tariff threats on major feed trading partners strengthen the dollar and weaken the yuan, which can curb Chinese import demand for US feed grains and soybeans and pressure US export prices.
e.vnexpress.netDat NguyenNov 26, 2024After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
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.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
