# Trade optimism puts floor on dollar/yen, boosts Aussie | Financial Post

> 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.

- Date: 2019-12-27 · published 2019-12-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55794-trade-optimism-puts-floor-on-dollar-yen-boosts-aussie-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- AUDUSD: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.2% | +2.6% |
| SOY | 2019-11-01 | [Dollar drops on mixed data, trade optimism](https://feedsoft.ai/events/56260-dollar-drops-on-mixed-data-trade-optimism.md) | +0.9% | -4.4% |
| SOY | 2023-11-17 | [Dollar posts steep weekly fall, trades below 150 yen](https://feedsoft.ai/events/33383-dollar-posts-steep-weekly-fall-trades-below-150-yen.md) | -2.2% | -3.3% |
| SOY | 2020-10-09 | [Dollar drifts downward as investors cling to stimulus hopes \| Financial Post](https://feedsoft.ai/events/50560-dollar-drifts-downward-as-investors-cling-to-stimulus-hopes-financial-post.md) | +1.2% | +4.9% |
| SOY | 2019-12-06 | [AUD/USD: Trade Optimism & Forecast Beating NFP - Currency Live](https://feedsoft.ai/events/55814-aud-usd-trade-optimism-and-forecast-beating-nfp-currency-live.md) | +1.6% | +5.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/trade-optimism-puts-floor-on-dollar-yen-boosts-aussie

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.