The dollar traded sharply higher versus major as investors took to the greenback following a decline in the 10-year treasury yields and a move to safety in global markets after a negative close to the opening trading day this week on Wall Street. While the moves and trading ranges in the FX markets were contained, global equity markets are trading lower for a month in a row now, threatening to erase in a month more than 50% of gains for 2019 despite the dovish interest rate policies and future rates outlook for the Euro, GBP, JPY and USD. The US China trade war took second stage to the bond market yesterday and despite the move to safety Metals traded lower on a stronger dollar, Gold closed at under the 1280$ per ounce level, while Silver traded sharply lower to close at 2019 lows. Oil traded mostly sideways and closed marginally higher at 59$ per barrel.
CAD BOC Rate Decision at 1:30 pm is the important news on the agenda Wednesday. (all times GMT).
Global Markets 24 hours wrap-up
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