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The Australian and New Zealand dollars weakened as a Dec. 15 deadline for new US tariffs on Chinese consumer goods raised caution in global markets.
The pound rose to a 2.5-year high against the euro after a poll showed the UK Conservative Party extending its lead before the election.
Trade-sensitive currencies like the Australian dollar track Chinese demand for commodities, so renewed tariff risk points to weaker demand expectations. Tariff escalation would also shift soybean and other agricultural export flows.
bn.octabroker.comDec 19, 2019
publisher.tbsnews.netReutersDec 9, 2019After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 40 past bullish trade events, USDCNY moved a median +0.6% over 5 sessions (75% higher; middle half +0.0% to +1.4%), and +1.1% 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.
