The dollar traded lower following the agreement between the US and Mexico on a new trade agreement and positive sentiment towards emerging economies, following the news. The dollar traded lower across the board while global equity markets traded sharply higher led by a new wave of all time highs in the US markets led by the technology stocks. EU markets and Asian markets were all higher yesterday as well as metals that traded higher enjoying a weaker dollar. The next piece in the global trade puzzle talks should come out this week on the US China trade talks, assuming an agreement is imminent and the talks won’t drag into next month.
US Consumer Confidence at 3 pm is the important news on the agenda Tuesday.
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