# Rupee rises to 2-week high on US-China trade talks hopes

> The rupee rose to a two-week high of 70.94 against the dollar on hopes of a partial US-China trade deal next month. Analysts said the risk-on sentiment supported emerging currencies, and Brexit uncertainty kept sterling volatile.

- Date: 2019-10-22 · published 2019-10-22T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/56845-rupee-rises-to-2-week-high-on-us-china-trade-talks-hopes
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expectations of a US-China deal support risk appetite and emerging-market currencies, and a deal would support US farm export demand, which matters for feed ingredient prices.

## Read by commodity

- SOY: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.9% | -2.1% |
| SOY | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | -2.7% | -1.6% |
| SOY | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +2.8% | +4.6% |
| SOY | 2019-10-11 | [Day 1 of U.S.-China trade talks ends with hopes for limited deal](https://feedsoft.ai/events/56618-day-1-of-u-s-china-trade-talks-ends-with-hopes-for-limited-deal.md) | +0.9% | +0.2% |
| SOY | 2025-10-27 | [Wheat Prices Rise As US-China Trade Hopes Lift Markets - Finimize](https://feedsoft.ai/events/5432-wheat-prices-rise-as-us-china-trade-hopes-lift-markets-finimize.md) | +5.6% | +8.0% |

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/rupee-rises-to-2-week-high-on-us-china-trade-talks-hopes-119102201240_1.html

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