# EM ASIA FX-Most Asian currencies tread water as Fed eyed amid trade war fears

> Most Asian currencies held steady on August 1 while the yuan was choppy after media reports that Washington plans to raise tariffs on $200 billion of Chinese goods to 25%. The dollar index traded at 94.649 ahead of the Fed meeting.

- Date: 2018-08-01 · published 2018-08-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/63792-em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Proposed escalation of US-China tariffs threatens soybean and feed grain trade flows and reduces Chinese demand, while the dollar index sets the broader commodity price backdrop.

## Read by commodity

- DXY: neutral
- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.5% | -0.1% |
| SOY | 2018-07-11 | [Rand ends winning streak on trade war fears - Moneyweb](https://feedsoft.ai/events/64327-rand-ends-winning-streak-on-trade-war-fears-moneyweb.md) | -1.5% | +4.3% |
| SOY | 2025-06-23 | [US farmers face tough outlook as China switches suppliers amid trade war \| South China Morning Post](https://feedsoft.ai/events/14655-us-farmers-face-tough-outlook-as-china-switches-suppliers-amid-trade-war-south.md) | -3.8% | -5.0% |
| SOY | 2018-10-29 | [Soybean, pork farmers hurt most by trade war](https://feedsoft.ai/events/62549-soybean-pork-farmers-hurt-most-by-trade-war.md) | +3.6% | +2.0% |
| SOY | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | -1.8% | -4.1% |
| CORN | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.9% | +3.1% |
| CORN | 2025-06-23 | [US farmers face tough outlook as China switches suppliers amid trade war \| South China Morning Post](https://feedsoft.ai/events/14655-us-farmers-face-tough-outlook-as-china-switches-suppliers-amid-trade-war-south.md) | -1.5% | -3.7% |
| CORN | 2025-02-26 | [Mexican Peso tumbles on trade war fears, US high yields boost USD](https://feedsoft.ai/events/26263-mexican-peso-tumbles-on-trade-war-fears-us-high-yields-boost-usd.md) | -6.0% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/article/business/em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears-idUSL4N1US2F3/

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