The dollar index traded sideways in narrow ranges with no major news on the agenda until late in the session when comments from US President Trump on the US China trade agreement sent investors into the JPY and CHF. Global equity markets traded in narrow ranges expecting clarification on the trade agreement and more input from the FOMC meeting minutes late today. Oil will be in focus on the Inventories number, with prices at 3.5 years highs the pressure will be mounting for a correction move. EU markets are expecting a lower open this morning on trade worries and a higher Euro.
UK CPI at 9:30 am, OIL Inventories at 3:30 pm and the FOMC meeting minutes at 7 pm are the important news on the agenda Wednesday.
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