# Asia relieved at Sino-U.S. trade truce, A$ jumps

> China and the United States agreed to halt additional tariffs, preventing a further escalation of their trade war. The two sides will hold fresh talks aimed at a deal within 90 days. Asian currencies, including the Australian dollar, rose on the news.

- Date: 2018-12-02 · published 2018-12-02T12:00:00.000Z
- Category: trade · region Asia · magnitude high
- Page: https://feedsoft.ai/events/61793-asia-relieved-at-sino-u-s-trade-truce-a-jumps
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Halting new tariffs keeps Chinese demand for US and Australian farm exports on track and lifts risk sentiment that supports commodity prices. The 90-day window adds uncertainty about whether tariffs return.

## Read by commodity

- SOY: bullish ▲
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-03 | [Grains React to U.S.-China Trade Truce, Close With Solid Gains](https://feedsoft.ai/events/5832-grains-react-to-u-s-china-trade-truce-close-with-solid-gains.md) | +1.7% | +0.0% |
| SOY | 2020-03-23 | [U.S. grains: Wheat jumps to one-month top - AgCanada](https://feedsoft.ai/events/6172-u-s-grains-wheat-jumps-to-one-month-top-agcanada.md) | +2.2% | -4.2% |
| SOY | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -2.6% | -5.7% |
| SOY | 2018-12-03 | [Soybeans jump after China agrees to buy 'substantial' US ag products in trade truce](https://feedsoft.ai/events/11522-soybeans-jump-after-china-agrees-to-buy-substantial-us-ag-products-in-trade.md) | +1.7% | +0.0% |
| SOY | 2018-11-07 | [Election setback expected to rein in Trump’s trade war](https://feedsoft.ai/events/62280-election-setback-expected-to-rein-in-trump-s-trade-war.md) | -0.5% | +4.3% |
| USDCNY | 2019-08-05 | [ANALYSTS' VIEW 4 -Yuan drops through 7/dollar as Sino-U.S. trade war escalates \| Reuters](https://feedsoft.ai/events/57798-analysts-view-4-yuan-drops-through-7-dollar-as-sino-u-s-trade-war-escalates.md) | +1.8% | +3.1% |
| USDCNY | 2024-11-26 | [Dollar jumps, stocks retreat after Trump vows tariffs](https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs.md) | +0.6% | +0.8% |
| USDCNY | 2019-11-25 | [Yen at one-week low as renewed trade hopes lift risk sentiment](https://feedsoft.ai/events/56307-yen-at-one-week-low-as-renewed-trade-hopes-lift-risk-sentiment.md) | -0.0% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/asia-relieved-at-sino-us-trade-truce-a-jumps-idUSL4N1Y70GL/

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