# US-China trade war truce dings dollar; Aussie, yuan advance

> The dollar fell broadly on December 3, 2018, as currencies hit by US-China trade tensions recovered after the Buenos Aires truce on tariffs. The offshore yuan gained about 1% to 6.8813 per dollar, and the Aussie rose 0.7%.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6921-us-china-trade-war-truce-dings-dollar-aussie-yuan-advance
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A tariff truce lowers the risk of Chinese retaliation against US farm exports, which supports soybean demand expectations. The weaker dollar also tends to support commodity prices.

## Read by commodity

- SOY: bullish ▲
- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2018-12-03 | 1 | -1.1% | -4.6 | The Buenos Aires US-China tariff truce on Dec 3 weakened the dollar and lifted the offshore yuan about 1% to 6.8813, which directly explains the roughly 1% drop in CNY per USD. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| SOY | 2025-04-24 | [China's yuan slightly weaker as dollar climbs on trade-war deescalation signs — TradingView News](https://feedsoft.ai/events/25353-china-s-yuan-slightly-weaker-as-dollar-climbs-on-trade-war-deescalation-signs.md) | -0.5% | +2.2% |
| SOY | 2018-11-02 | [Yen falls, Australian dollar gains as US-China trade angst eases - The HinduBusinessLine](https://feedsoft.ai/events/62287-yen-falls-australian-dollar-gains-as-us-china-trade-angst-eases-the.md) | -0.2% | +3.0% |
| SOY | 2020-12-08 | [China-U.S. farm ties are stronger than ever despite trade war](https://feedsoft.ai/events/49502-china-u-s-farm-ties-are-stronger-than-ever-despite-trade-war.md) | +0.9% | +17.8% |
| USDCNY | 2019-05-14 | [Australian dollar, China’s yuan rise after Trump’s bullishness on trade \| Amwal Al Ghad](https://feedsoft.ai/events/8445-australian-dollar-china-s-yuan-rise-after-trump-s-bullishness-on-trade-amwal-al.md) | +0.5% | +0.5% |
| USDCNY | 2019-08-05 | [ANALYSTS' VIEW 4 -Yuan drops through 7/dollar as Sino-U.S. trade war escalates \| Reuters](https://feedsoft.ai/events/57798-analysts-view-4-yuan-drops-through-7-dollar-as-sino-u-s-trade-war-escalates.md) | +1.8% | +3.1% |
| USDCNY | 2019-06-12 | [Far from 'devalued', euro surges as trade war hits yuan](https://feedsoft.ai/events/58808-far-from-devalued-euro-surges-as-trade-war-hits-yuan.md) | -0.2% | -0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/12/03/forex-markets-us-china-trade-dollar-in-focus.html

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