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China's yuan edged higher against the dollar on Tuesday after a video call between Vice Premier Liu He and US Treasury Secretary Janet Yellen raised hopes of easing trade tensions. Traders speculated that tariff cuts could follow.
Possible US tariff reductions on Chinese goods would ease trade friction and could support Chinese demand for US farm products, though the yuan move itself was minor.
brecorder.comReutersOct 26, 2021After 22 past bearish trade events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (41% higher; middle half -0.7% to +0.3%), and -0.3% 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.
