The dollar index traded higher as the markets opened the trading week on a flat note, awaiting the decision by President Trump on the Iran sanctions due tomorrow. FX markets traded in narrow ranges and with no news on the agenda the trading day went by on very low volumes. US equity markets traded higher then turned lower to close a flat day near the midpoint level, on a light news agenda and very little positive drivers for the markets to move higher after Fridays rally. Oil traded lower to close at 60.8$ after trading above 71$ per barrel for the first time in 3.5 years.
President Trump speech at 7 pm GMT is the important news on the agenda Tuesday.
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