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Sterling fell to a 10-day low against the dollar on Monday after the US and China agreed at the G20 summit in Japan to restart trade talks. The pound slipped about 0.3% to $1.2656.
Sterling was still down about 4.5% since early May.
Renewed US-China trade talks reduce safe-haven demand for the dollar and lift the greenback against other currencies. A firmer dollar tends to pressure US commodity export prices, though this is a modest move.
english.alarabiya.netJun 30, 2019Not enough comparable past events yet for a historical read.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% 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.
