The dollar traded sideways versus major opening April on a flat note and traded lower versus growth currencies and emerging markets as investors seek more risk following positive US and China data. Global equity markets traded sharply higher to fresh 2019 highs in the US and EU as investors put the dollar rate increase for 2019 in the back mirror and China had an unexpected positive turn around in manufacturing activities. Metals traded lower across the board on a run from safety while Oil traded sharply higher to new 2019 highs, closing yesterday at 61.75$ per barrel on markets optimism and new Iran sanction proposed by the US government as well as supply issues in Venezuela that forced the shutdown of a major hub.
US Core Durable Goods Orders at 1:30 pm is the important news on the agenda Tuesday. (all times GMT).
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