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The Australian dollar rose early Thursday after President Trump said a US-China trade deal could happen sooner than expected. The dollar gave back gains as investors weighed a formal impeachment inquiry and a US second-quarter GDP reading of 2%.
Hopes for a US-China trade deal support Chinese demand expectations for US farm exports, though Trump's optimism has often failed to produce deals before.
currencylive.comFiona CincottaSep 26, 2019Not enough comparable past events yet for a historical read.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
