The dollar and FX markets traded in very narrow ranges Thursday, ahead of the opening of the G20 meetings today in Japan as investors await the outcome of the meetings between US President Trump and the Chinese leader Xi Ping. Safety currencies, JPY and CHF, moved marginally lower as well as global equity markets that traded a narrow range low volume session in Europe and in the US. Metals traded lower from 2019 highs for the second day in a row on profit taking and a move away from safety and Oil traded marginally lower yet holding on to major gains for the week and looking for the first move over the $60 per barrel since May. Oil closed yesterday at $59.21 per barrel.
G20 meetings all day, GBP Current Account at 9:30 am, CAD GDP at 1:30 pm and US Chicago PMI at 2:30 pm are the important news on the agenda Friday. (all times GMT).
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