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The dollar hovered near a six-month high against the yen while the Australian dollar climbed to its strongest level since July, buoyed by easing Sino-US trade tensions. Beijing said it was in close contact with Washington on a trade deal signing ceremony.
Easing US-China trade tensions support Chinese demand for US farm goods, which tends to lift grain and oilseed prices, while a firmer Australian dollar makes Australian grain exports pricier.
financialpost.comReutersDec 27, 2019After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
