China is weakening its currency before US trade talks begin

After 40 past bullish trade events, Chinese Yuan (CNY per USD) moved a median +0.6% over 5 sessions (75% higher; middle half +0.0% to +1.4%), and +1.1% over 20.

• Aug 6, 2019U.S.-China Trade War Spreads From Tariffs To A Battle Over Currencies : NPR+0.1%
• Oct 29, 2018China & Brazil: Currencies on Diverging Paths?-0.8%
• Aug 22, 2018China’s global currency aspirations are falling fast-0.6%
• Jun 29, 2018Trade Dispute Hits China’s Yuan, Investors+0.2%
• Aug 5, 2019Yuan devaluation draws new battle lines in US-China trade war | Trade War | Al Jazeera+1.8%

After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Jul 11, 2018Why US-China trade war is weakening the South African rand | CNBC Africa-1.5%
• Sep 1, 2019Yuan fall: Why is China's currency getting weaker?-1.4%
• May 8, 2019Trade war: US-China trade battle in charts+0.0%
• Aug 20, 2018Trump accuses China of 'manipulating' its currency-4.5%
• Aug 27, 2019Forex markets: US-China trade tensions in focus+0.3%