Loading…
The yen and dollar rallied on Tuesday as Trump threatened new tariffs on up to $400 billion of Chinese goods on top of $50 billion already announced. Beijing said it would take comprehensive countermeasures, and the Australian dollar fell to a one-year low.
Escalating US-China tariff threats drive safe-haven flows into the dollar and yen and weigh on China-linked currencies, which can pressure export demand for US farm goods.
marketwatch.comAnneken Tappe,Sara SjolinJun 19, 2018After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
