◂ Event Timeline

Jun 19, 2019TRADEUS

U.S.-China trade war - the levers they can pull

Reuters outlines levers available in the US-China trade war, noting a selloff would raise US interest rates and borrowing costs. The Fed could cut rates or buy debt to counter the move.

WHY IT MATTERS

Policy responses to trade-driven market stress could shift dollar and rate expectations that affect commodity prices, but the piece is a general analysis without a concrete new measure.

AFFECTSUSDCNY

SOURCE
reuters.comJun 19, 2019

Price reaction & history

USDCNYno directional readSO FAR1d -0.0%5d -0.3%20d -0.4%

After 81 past trade events, USDCNY moved a median +0.1% over 5 sessions (58% higher; middle half -0.3% to +0.6%), and +0.1% over 20.

Apr 4, 2018China, holding Treasuries, keeps 'nuclear option' in U.S. trade war-0.1%
Dec 3, 2018US-China trade war truce dings dollar; Aussie, yuan advance-0.7%
Jun 29, 2018Trade Dispute Hits China’s Yuan, Investors+0.2%
Aug 5, 2019China lets yuan break key 7 level for first time in decade as trade war worsens+1.8%
Aug 6, 2019U.S.-China Trade War Spreads From Tariffs To A Battle Over Currencies : NPR+0.1%

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.

USDCNY · GP ▸

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