The dollar traded higher versus majors as investors look ahead to the Wednesday FOMC meeting and move into the dollar following another weak session in US and global equities markets. The Brexit unsolved saga kept the sterling from moving higher while the aftermath of the ECB press conference left the Euro trading mostly lower. Metals traded lower on a stronger dollar and Oil came down after yesterday stellar gains as the near future price action turn again negative on growth worries, the dollar and record US shell production. which will become an increasing challenge for OPEC proposed production cuts to take effect on prices. Oil closed at 51.37$ per barrel, the 11-th week in a row close in red for OIL.
There is no important news on the agenda Monday.
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