# Yen falls, Australian dollar gains as US-China trade angst eases - The HinduBusinessLine

> The yen weakened and the Australian dollar rose after reports of a phone call between Trump and Xi eased US-China trade tensions. Bloomberg reported Trump had asked officials to begin drafting a possible trade deal with China. The dollar was up 0.3% at 113.03 yen ahead of the US jobs report.

- Date: 2018-11-02 · published 2018-11-02T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/62287-yen-falls-australian-dollar-gains-as-us-china-trade-angst-eases-the
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Easing US-China trade tensions raises hopes for resumed US soybean and grain sales to China, which supports the outlook for US oilseed and grain prices. The move is a sentiment signal rather than a confirmed purchase or tariff change.

## Read by commodity

- SOY: bullish ▲
- AUDUSD: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-29 | [Australian Dollar gains ground as China’s COFCO purchases US soybean cargoes](https://feedsoft.ai/events/22667-australian-dollar-gains-ground-as-china-s-cofco-purchases-us-soybean-cargoes.md) | +2.8% | +4.3% |
| SOY | 2019-08-13 | [US dollar soars against the Japanese yen on easing trade tensions](https://feedsoft.ai/events/57815-us-dollar-soars-against-the-japanese-yen-on-easing-trade-tensions.md) | -0.9% | -0.3% |
| SOY | 2019-09-26 | [AUD/USD: Australian Dollar Advances On US — China Trade Optimism - Currency Live](https://feedsoft.ai/events/57331-aud-usd-australian-dollar-advances-on-us-china-trade-optimism-currency-live.md) | +2.8% | +5.0% |
| SOY | 2018-12-03 | [US-China trade war truce dings dollar; Aussie, yuan advance](https://feedsoft.ai/events/6921-us-china-trade-war-truce-dings-dollar-aussie-yuan-advance.md) | +1.7% | +0.0% |
| SOY | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | -2.7% | -1.6% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-sags-as-safe-haven-fade-on-improved-confidence-pound-stands-tall/article25398763.ece

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