Safe-haven sentiment was driven by hopes of a quicker resolution of the U.S.-China trade dispute. A potential trade feud with Europe deepened concerns over tepid economic growth.
Trade optimism from a weekend trade truce between the United States and China faded. The dollar edged lower on Tuesday.
US-China agreement was reached earlier in the weekend during the G20 summit. Trump and Chinese President Xi Jinping agreed to revive trade talks.
Pound sterling, or commonly known pound, is the official currency of the United Kingdom, some Crown dependencies and other territories.
G20 OSAKA meeting has started. Trade wars — and the prospect of actual war — will dominate President Donald Trump’s agenda as he touches down in Japan, Thursday, for a highly consequential meeting of world leaders.