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The dollar recovered against its rivals as investors bought back the currency ahead of the G20 summit, where Trump and Xi are due to discuss trade. The dollar index was last at 96.79, about 0.4% higher after near one-week lows.
Analysts said risk appetite would stay subdued.
A firmer dollar on trade-war caution puts mild pressure on US dollar-priced grain and meal exports. A trade deal at the G20 could weaken the dollar and support export prices.
cnbc.comReutersDec 1, 2018After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
