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The dollar fell against the yen after Trump announced more tariffs on China. The article text is largely unrelated page content about a labor market and a BOJ rate comment tied to Iran war fallout.
New US tariffs on Chinese imports raise trade-war risk for US farm exports, which is bearish for soybean and grain demand, though the article itself offers little detail on the move.
reuters.comKate DuguidAug 1, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% 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.
