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The euro rose to five-month highs against trading partners' currencies, as the yuan's slump from Sino-US trade tensions lifted the euro's trade-weighted value. The index is up 1.6% since early May and 4% since Trump took office.
A stronger euro and weaker yuan make EU exports less competitive and Chinese goods cheaper, a signal of trade-war spillover that can shift export flows in grains and oilseeds.
reuters.comTommy WilkesJun 12, 2019After 22 past bearish trade events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (41% higher; middle half -0.7% to +0.3%), and -0.3% over 20.
After 12 past bullish trade events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (58% higher; middle half -0.6% to +0.9%), and +1.0% 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.
