The dollar traded sideways versus majors and sharply higher versus emerging markets as investors await the meeting between US President Trump and China leader Jinping in Argentina during the G20 meetings. Worries of a global slowdown and the trade war moved aside yesterday as global equity markets traded higher across the board after a US and E markets traded higher gaining more than a percent on average. This positive move comes ahead of the G20 meeting scheduled this coming week. Metals traded mostly sideways and Oil reversed to gain 2.22% on expectations of an OPEC production cut set to be announced this week on OPEC meetings.
US Consumer Confidence at 4:00 pm is the important news on the agenda Tuesday.
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