# Trade tensions are starting to pull foreign-exchange markets into the arena | INTERNATIONAL MARKET NEWS - Business Standard

> Trade tensions between the US and China are drawing foreign-exchange markets in, with central banks in China, South Korea and Indonesia taking steps to support their currencies. Options traders priced about a 35% chance that the yuan weakens past 7 per dollar by year-end, up from 15% in March. The stronger dollar is near its yearly highs.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/59285-trade-tensions-are-starting-to-pull-foreign-exchange-markets-into-the-arena
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar and currency defense across emerging markets raise import costs for feed-buying countries and can soften US commodity export prices.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-31 | [Dollar strengthens as US Fed expected to stay hawkish; yen fragile \| International News Others - Business Standard](https://feedsoft.ai/events/39323-dollar-strengthens-as-us-fed-expected-to-stay-hawkish-yen-fragile-international.md) | -0.1% | -2.8% |
| DXY | 2021-11-11 | [Indian bonds, rupee take US inflation scare relatively easy \| News on Markets - Business Standard](https://feedsoft.ai/events/44322-indian-bonds-rupee-take-us-inflation-scare-relatively-easy-news-on-markets.md) | +0.8% | +1.2% |
| DXY | 2018-06-29 | [Dollar squeeze coming? Don't take your eyes off Asia's politicians \| INTERNATIONAL ECONOMY NEWS - Business Standard](https://feedsoft.ai/events/64770-dollar-squeeze-coming-don-t-take-your-eyes-off-asia-s-politicians-international.md) | -1.1% | -0.9% |
| DXY | 2024-11-18 | [Reasonable foreign exchange needed to stablise market: expert](https://feedsoft.ai/events/27698-reasonable-foreign-exchange-needed-to-stablise-market-expert.md) | +0.5% | +0.3% |
| DXY | 2016-11-18 | [Rate hike fears, sell off: 5 reasons why the rupee hit 68 levels today \| News on Markets - Business Standard](https://feedsoft.ai/events/74123-rate-hike-fears-sell-off-5-reasons-why-the-rupee-hit-68-levels-today-news-on.md) | +1.0% | +1.3% |
| USDCNY | 2018-06-29 | [Dollar squeeze coming? Don't take your eyes off Asia's politicians \| INTERNATIONAL ECONOMY NEWS - Business Standard](https://feedsoft.ai/events/64770-dollar-squeeze-coming-don-t-take-your-eyes-off-asia-s-politicians-international.md) | +0.2% | +2.8% |
| USDCNY | 2024-10-31 | [RBI helps rupee outperform peers in month marred by US election anxiety \| Finance News - Business Standard](https://feedsoft.ai/events/28160-rbi-helps-rupee-outperform-peers-in-month-marred-by-us-election-anxiety-finance.md) | +0.8% | +1.7% |
| USDCNY | 2023-06-21 | [China's yuan dips to 7-month low on lack of stimulus news, dollar strength \| The Business Standard](https://feedsoft.ai/events/11236-china-s-yuan-dips-to-7-month-low-on-lack-of-stimulus-news-dollar-strength-the.md) | +0.5% | +0.6% |

## Sources

- business-standard.com: https://www.business-standard.com/article/international/trade-tensions-are-starting-to-pull-foreign-exchange-markets-into-the-arena-119052300134_1.html

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