Yuan in biggest weekly gain since January as Trump asks cabinet to draft possible China trade deal

After 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.

• Dec 3, 2018US-China trade war truce dings dollar; Aussie, yuan advance-0.7%
• May 14, 2019Australian dollar, China’s yuan rise after Trump’s bullishness on trade | Amwal Al Ghad+0.5%
• Nov 1, 2018Renminbi rises by most in two months after Trump tweet on China - FT中文网-0.8%
• Feb 5, 2020Yuan jumps to 2-week high as Beijing cuts tariffs on some US goods - The Business Times-0.5%
• Oct 26, 2021China's yuan inches higher after Sino-US talks - Markets - Business Recorder+0.2%

After 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.

• May 27, 2020China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance | South China Morning Post+0.4%
• Sep 28, 2020US-China trade: soybeans, corn and cars surge, but Beijing still not close to meeting demands of deal | South China Morning Post+1.8%
• Jun 10, 2022Soybeans set for biggest weekly gain in 2 months on strong demand | Financial Post-3.4%
• Apr 25, 2022China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources | South China Morning Post-0.5%
• Jul 25, 2019As US-China trade talks resume, how much demand does Beijing have for American farm goods? | South China Morning Post-3.0%