The dollar traded marginally higher versus majors yesterday on very light volume trading as US markets were closed for the Memorial Day weekend and not much happened elsewhere for investors to step in and buy on a lackluster trading day, with no major news on the agenda. EU equity markets ticked higher on optimism following the positive sentiment in the US China trade war, that’s on US President Trump concluding his Japan visit and hopes for a trade deal coming thru. Metals traded mostly sideways in very narrow ranges while Oil reversed higher after a dark red close last week to trade above the 59$ per barrel level on OPEC production cuts and a positive sentiment in global equity markets. US trading will resume today with no major news on the agenda and futures pointing to a positive open this morning.
There is no important news on the agenda Tuesday. (all times GMT).
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