# Euro nudges higher as U.S.-China trade talks calm market nerves

> The euro rose for a second day as hopes for US-China trade talks the following week eased tensions and limited dollar demand. The euro had been pressured by euro zone bank exposure to Turkey after the lira's crash and by concerns over Italy's budget. EUR/USD traded near $1.1394.

- Date: 2018-08-17 · published 2018-08-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63735-euro-nudges-higher-as-u-s-china-trade-talks-calm-market-nerves
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Easing US-China trade tensions reduce risk for soybean and grain export flows, which is mildly supportive for US soy and corn prices. The currency move itself is a secondary factor for feed buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-07-31 | [Euro charges to 2 1/2-year high as dollar slumps - MarketWatch](https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch.md) | 0.0% | +1.0% |
| EURUSD | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | -2.2% | -4.6% |
| EURUSD | 2018-09-24 | [Euro rises sharply as ECB's Draghi views tighter labor market](https://feedsoft.ai/events/63251-euro-rises-sharply-as-ecb-s-draghi-views-tighter-labor-market.md) | -1.0% | -2.3% |
| EURUSD | 2017-01-30 | [Euro Exchange Rates Trade Higher Vs Pound, Dollar After Navarro Comments Dent USD](https://feedsoft.ai/events/73192-euro-exchange-rates-trade-higher-vs-pound-dollar-after-navarro-comments-dent-usd.md) | +1.0% | -0.6% |
| EURUSD | 2021-01-22 | [FX traders brush off ECB talk, bet euro-dollar has further to run - Markets - Business Recorder](https://feedsoft.ai/events/49376-fx-traders-brush-off-ecb-talk-bet-euro-dollar-has-further-to-run-markets.md) | -0.2% | -0.1% |
| DXY | 2025-05-06 | [China's yuan ends at six-month high as carry trades unwind](https://feedsoft.ai/events/9617-china-s-yuan-ends-at-six-month-high-as-carry-trades-unwind.md) | +1.0% | -0.7% |
| DXY | 2017-07-31 | [Euro charges to 2 1/2-year high as dollar slumps - MarketWatch](https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch.md) | +0.3% | -0.5% |
| DXY | 2019-06-19 | [Asia markets: The Fed, US-China trade, currencies in focus](https://feedsoft.ai/events/9812-asia-markets-the-fed-us-china-trade-currencies-in-focus.md) | -1.1% | -0.9% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/euro-nudges-higher-as-us-china-trade-talks-calm-market-nerves-idUSL5N1V81O9/

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