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The dollar rose about 1.5% against the yen after the US Trade Representative delayed September tariffs on laptops, cellphones and other Chinese products. The delay reduced recession fears and trimmed expectations of rate cuts.
Easing of tariff threats improves the outlook for US farm exports to China and supports dollar strength, a mildly bullish signal for US feed-grain demand.
cnbc.comReutersAug 13, 2019After 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.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
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.
