The dollar traded lower across the board, changing direction for the fourth time in as many days this week as investors move out of the dollar ahead of the ECB press conference and the BOE rate decision today at noon. EU equity markets traded higher after news that the trade talks between the US and China are set to resume and positive overall sentiment in the US equity markets. Oil traded higher to close above 70$ per barrel on supply concerns and the inventories numbers have shown a surprise drop of 3.7 million barrel, pushing prices higher. Metals traded higher across the board on a weaker dollar and Gold closed at 1206$ per ounce, up near one percent.
UK BOE rate decision at 12 pm and the ECB press Conference at 1:30 pm are the important news on the agenda Thursday.
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