# Forex markets: Dollar advances to 2-week high after US-China trade tensions ease

> The dollar rose to a two-week high on July 1 after the US and China agreed to restart trade talks, with Trump pledging to hold off new tariffs and China agreeing to buy more farm products. Safe-haven currencies such as the yen and Swiss franc fell as equities rallied.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The agreement to buy more US farm goods is supportive for US soybean and grain export demand, while the firmer dollar makes US commodities more expensive for foreign buyers.

## Read by commodity

- DXY: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-08-13 | [US dollar soars against the Japanese yen on easing trade tensions](https://feedsoft.ai/events/57815-us-dollar-soars-against-the-japanese-yen-on-easing-trade-tensions.md) | +0.5% | +0.3% |
| DXY | 2019-06-30 | [Sterling sags as dollar rises after G20 US, China agreement](https://feedsoft.ai/events/58852-sterling-sags-as-dollar-rises-after-g20-us-china-agreement.md) | +0.4% | +0.9% |
| DXY | 2019-08-05 | [Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst - Bloomberg](https://feedsoft.ai/events/10827-oil-slumps-into-bear-market-as-trade-tensions-feed-demand-angst-bloomberg.md) | +0.2% | +1.7% |
| DXY | 2025-03-01 | [Rupee falls 22 paise to 87.41 against US dollar in early trade today](https://feedsoft.ai/events/26310-rupee-falls-22-paise-to-87-41-against-us-dollar-in-early-trade-today.md) | -1.8% | -1.5% |
| DXY | 2019-11-08 | [Euro hits lowest in three weeks as dollar gains from trade optimism](https://feedsoft.ai/events/56283-euro-hits-lowest-in-three-weeks-as-dollar-gains-from-trade-optimism.md) | +0.3% | +0.2% |
| SOY | 2018-05-23 | [UPDATE 3-China Inc returns to U.S. soybean market as trade tensions ease](https://feedsoft.ai/events/64910-update-3-china-inc-returns-to-u-s-soybean-market-as-trade-tensions-ease.md) | -0.7% | -13.7% |
| SOY | 2018-12-03 | [US-China trade war truce dings dollar; Aussie, yuan advance](https://feedsoft.ai/events/6921-us-china-trade-war-truce-dings-dollar-aussie-yuan-advance.md) | +1.7% | +0.0% |
| SOY | 2019-10-22 | [Rupee rises to 2-week high on US-China trade talks hopes](https://feedsoft.ai/events/56845-rupee-rises-to-2-week-high-on-us-china-trade-talks-hopes.md) | -1.3% | -2.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/07/01/forex-markets-japanese-yen-chinese-yuan-us-china-trade-in-focus.html

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