The dollar traded mostly sideways versus majors opening the trading week flat, as expected, heading into the two days Fed meeting starting today and capped by the FOMC statement tomorrow afternoon. Most FX markets traded a narrow range session as investors eye the Fed and more clues on the upcoming G20 meetings due in 10 days. US and EU equity markets traded a positive yet lackluster session, and most leading sectors led by technology closed in the green. Metals traded mostly sideways on the flat dollar and Oil traded lower despite the Persian Gulf tensions as investors fear that the global trade slowdown will temper with demand and that US record production levels will offset OPEC production cuts. Oil closed lower at $52.11 per barrel.
EUR ECB President Draghi speech at 8:00 am and GBP BOE Gov Carney speech at 3:00 pm are the important news on the agenda Tuesday. (all times GMT).
Global Markets 24 hours wrap-up
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