The dollar traded mostly higher reversing some of yesterday losses as investors eye no advance in the trade agreement between the US and China and global equity markets going thru another sideway moving eventless trading day led by some profit taking in EU and Asian markets. The Trump Kim Jung Un Summit in Vietnam failed to impress investors while troubles in home base for US President Trump seem to offset the sentiment for investors. Metals traded lower on a stronger dollar while Oil took a leap higher despite US record shell production of 12.1 Million bpd, up 20% over last year production levels. However, a lower inventories number and OPEC production cuts sent prices up to a 56.95$ per barrel close yesterday.
US GDP at 1:30 pm and US Chicago PMI at 2:45 pm are the important news on the agenda Thursday.
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