# Aussie, yuan cede ground as trade deadline looms; pound jumps | The Business Standard

> 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.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8449-aussie-yuan-cede-ground-as-trade-deadline-looms-pound-jumps-the-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- AUDUSD: bearish ▼
- USDCNY: bullish ▲
- USDIDR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-31 | [US dollar pressures yuan, Australian dollar on tariff reports - The Business Times](https://feedsoft.ai/events/64306-us-dollar-pressures-yuan-australian-dollar-on-tariff-reports-the-business-times.md) | +0.3% | -4.6% |
| SOY | 2018-09-24 | [Yen gets fleeting bid as China cancels trade talks - The HinduBusinessLine](https://feedsoft.ai/events/63280-yen-gets-fleeting-bid-as-china-cancels-trade-talks-the-hindubusinessline.md) | -0.2% | +1.1% |
| SOY | 2018-11-22 | [DRY BULK SHIPPING: BDI WEAKNESS IN Q4, AS THE TRADE WAR LIMITS DEMAND GROWTH AND DEMOLITIONS STALL - Maritimes](https://feedsoft.ai/events/62228-dry-bulk-shipping-bdi-weakness-in-q4-as-the-trade-war-limits-demand-growth-and.md) | +0.5% | +0.2% |
| SOY | 2024-06-03 | [How China minimised US farm imports and sharpened its trade war tactics \| World News - Business Standard](https://feedsoft.ai/events/14747-how-china-minimised-us-farm-imports-and-sharpened-its-trade-war-tactics-world.md) | -2.1% | -3.8% |
| SOY | 2020-11-19 | [U.S. Soybean Prices Crumble as Trade War Sparks Brazil Rally - Pork Business](https://feedsoft.ai/events/50180-u-s-soybean-prices-crumble-as-trade-war-sparks-brazil-rally-pork-business.md) | +0.7% | +2.2% |
| USDCNY | 2018-07-31 | [US dollar pressures yuan, Australian dollar on tariff reports - The Business Times](https://feedsoft.ai/events/64306-us-dollar-pressures-yuan-australian-dollar-on-tariff-reports-the-business-times.md) | +0.6% | +0.1% |
| USDCNY | 2020-05-03 | [Yen gains as risk sentiment sours - The Business Times](https://feedsoft.ai/events/53372-yen-gains-as-risk-sentiment-sours-the-business-times.md) | +0.2% | +0.9% |
| USDCNY | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | +1.3% | +2.5% |

## Sources

- bn.octabroker.com: https://bn.octabroker.com/markets/news/view/785295/
- publisher.tbsnews.net: https://publisher.tbsnews.net/international/aussie-yuan-cede-ground-trade-deadline-looms-pound-jumps

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