The dollar traded sharply lower over the weekend on G20 trade negotiations between the US President Trump and Chinese leader Xi Jimping. The decision to halt the trade war and look for a solution in the next 90 days without increasing or adding new tariffs sent the dollar spiraling lower versus majors and emerging markets alike as investors look for riskier assets and flea from safe heavens near term. Global equity markets are expected to react positively as US Futures trade higher more than one percent and China equity markets traded up more than 2.5%. Metals trade higher on a weaker dollar and Oil jumped 5% on the deal, its biggest move in 10 weeks.
US ISM Manufacturing at 3:30 pm is the important news on the agenda Monday.
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