The dollar traded mostly sideways versus majors and higher versus emerging markets following another rout in global equities markets led by the leading US indexes who traded down more than three percent on global growth worries. The JPY turned to be the winner in the markets yesterday, jumping near a percent on a run to safety and lack of other opportunities for investors. The calm following the trade talks between the US and China evaporated and investors fearing a global slowdown took in on the equity markets. Metals traded higher on a weaker dollar while Oil will face the inventories number tomorrow afternoon instead of today following the close of US markets in mourn of the death of George Bush, the 41-th President.
BOC rate statement at 4:00 pm is the important news on the agenda Wednesday.
Swing trades follow up
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