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The yuan recovered to a roughly six-month high against the dollar after China-US trade talks in Beijing ended on January 9. Traders cited growing hopes for progress in the negotiations.
The currency's gains reflected market optimism about the talks.
Optimism about a trade deal supports expectations of resumed Chinese demand for US soybeans, corn and wheat, though this article covers currency moves rather than new purchases.
asia.nikkei.comYUSHO CHO, Nikkei staff writerJan 15, 2019After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
