Loading…
The US Treasury removed China from its currency manipulator list just two days before the phase one trade deal signing. The yuan had weakened past 7 per dollar in August, and its level on removal was close to where it traded before the label was applied.
The removal reduces trade-tension risk around China's Phase One purchase commitments, supporting the outlook for US farm exports.
axios.comDion RabouinJan 14, 2020After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
