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Reuters reports that US tensions have fueled fears in China of a financial war that could shut it out of the dollar system. Some officials in Beijing are reportedly calling for measures to strengthen the financial system.
Heightened US-China financial tension adds uncertainty to trade relations that underpin US feed export demand, though the article gives no direct price signal.
reuters.comSamuel Shen, Winni ZhouAug 13, 2020After 27 past geopolitics events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (37% higher; middle half -0.4% to +0.2%), and -0.5% 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.
