The dollar traded sharply lower Friday losing ground for the third day, down 1.4% versus the euro over the last three trading sessions and trading Friday at 3-month lows versus the basket of currencies. The Euro trades at 3-month highs and the JPY broke to 2019 highs as the exodus out of the dollar continues along the tensions in the Middle East that are sending some investors into the safe heavens, CHF and JPY. Global equity markets topped Friday, US equity markets traded lower from all-time record highs and EU markets traded a lackluster narrow range session. Gold close at the $1,400 level on dollar weakness and another move to safety while Oil continued to climb, up near 9% for the week following the harsh US Iranian rhetoric’s and fears from a US strike on Iran. Oil closed Friday at $57.88 per barrel, up 7 dollars from June lows.
There is no important news on the agenda Monday. (all times GMT).
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