Yuan jumps to 2-week high as Beijing cuts tariffs on some US goods

After 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.

• Jun 1, 2020Yuan ends domestic session at 1-1/2 week high despite China-US tensions - Business & Finance - Business Recorder-0.8%
• Jun 2, 2020Yuan ends near 2-week high, PBOC's plan to buy bank loans nudges forwards up - Business & Finance - Business Recorder-0.8%
• Oct 26, 2021China's yuan inches higher after Sino-US talks - Markets - Business Recorder+0.2%
• Jun 19, 2020Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder-0.1%
• Nov 2, 2018Yuan in biggest weekly gain since January as Trump asks cabinet to draft possible China trade deal | South China Morning Post+0.2%

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.

• Jun 1, 2024Soyoil Jumps on Bets US Tariffs to Include Chinese Cooking Oil-2.1%
• Apr 12, 2026Soybeans hit two-week high as soymeal jumps - Markets - Business Recorder-0.7%
• Oct 23, 2019Palm oil jumps to 16-month high as China’s waivers boost soy | The Star-1.7%
• Oct 22, 2019Rupee rises to 2-week high on US-China trade talks hopes-1.3%
• Dec 9, 2019US hog prices jump as China offers tariff waivers | The Pig Site+2.0%