The dollar traded lower capping a trading week which saw FX markets investors move into safe heavens on another rout in global equity markets, triggered by growth fears and the lack of clarity on the US China trade war situation and its implications on global markets. EU equity markets closed the trading week at 24 month lows while US equity markets are sitting at zero gains for 2018 and looking vulnerable into the last two trading weeks ahead of what will be most likely the worst finish of the year in 10 years. Metals traded higher on a weaker dollar and Oil managed to close at 52.05$ per barrel, flat for the week despite OPEC proposed production cuts.
UK GDP and Manufacturing Production at 10:30 am are the important news on the agenda Monday.
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