The dollar mostly sideways yesterday yet is on pace for a 0.5% gain this week, after moving higher from 5 months lows last Friday. Most FX markets traded a narrow range session, awaiting the outcome of Retail Sales in the US today and looking ahead to the FOMC two day meeting next week. Global equity markets closed a positive session, marginally positive in the EU and up in the US led by technology stocks and the energy sector. Metals traded higher overnight on a move to safety following the tension in the Middle East, and Oil prices spiked higher after news came out that two oil tankers have been attacked of the coast of Iran. Despite OPEC news that global demand was lower than expected in May, prices closed higher at 52.16$ per barrel, however on pace for another red week, down 2.5$ this week so far.
US Retail Sales at 1:30 pm and BOE Gov Carney speech at 1:55 pm are the important news on the agenda Friday. (all times GMT).
Global Markets 24 hours wrap-up
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