The dollar traded sharply lower versus majors on positive expectations for the trade deal between the US and China to materialize and ahead of the FOMC meeting minutes that is expected to shed more light on a dovish FED rate outlook for 2019. The dollar traded sharply lower versus the sterling that had its best day in 2019, jumping more than 1.2% as investors flee the “safe heaven” of the USD. Global equity markets traded a lackluster flat session in the US and EU, with no major market moving news on the agenda and lack of positive triggers. Metals traded sharply higher on a weaker dollar and Gold closed at 10 month highs and fresh 2019 highs of 1339.4$ per ounce, up 1.7% on the day. Oil saw another positive close after a mainly flat session ahead of the inventories numbers tomorrow, closing at 56.4$ per barrel.
US FOMC Meeting minutes at 7:30 pm is the important news on the agenda Wednesday.
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