# Sterling sags as dollar rises after G20 US, China agreement

> 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.

- Date: 2019-06-30 · published 2019-06-30T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/58852-sterling-sags-as-dollar-rises-after-g20-us-china-agreement
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | +0.4% | +0.9% |
| DXY | 2020-03-05 | [Dollar's strength yet another snag for U.S.-China farm deal](https://feedsoft.ai/events/54376-dollar-s-strength-yet-another-snag-for-u-s-china-farm-deal.md) | +1.3% | +6.0% |
| DXY | 2025-02-03 | [Rupiah Slumps as US-China Trade War Escalates](https://feedsoft.ai/events/26364-rupiah-slumps-as-us-china-trade-war-escalates.md) | -0.0% | -0.6% |
| DXY | 2024-11-26 | [Dollar jumps, stocks retreat after Trump vows tariffs](https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs.md) | -0.0% | +1.1% |
| DXY | 2024-11-26 | [Canadian dollar pares decline after Trump tariff pledge shock](https://feedsoft.ai/events/27651-canadian-dollar-pares-decline-after-trump-tariff-pledge-shock.md) | -0.0% | +1.1% |

## Sources

- english.alarabiya.net: https://english.alarabiya.net/business/economy/2019/07/01/Sterling-sags-as-dollar-rises-after-G20-US-China-agreement

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