The dollar traded mostly sideways versus majors as investors await clues on the US China trade war, the major point of worry for global markets near term. FX markets traded a lackluster session, as very little price changes and lower trading volumes kept most traders on the sidelines. EU and US equity markets rally fizzled out after 5 strong positive days and as expected some profit taking was on trader agenda. Metals reversed higher on the softer dollar while Oil traded mostly sideways, awaiting the Inventories and US production numbers today in the afternoon. Oil closed marginally higher at 53.02$ per barrel.
ECB president Draghi speech at 8:15 am, US CPI at 1:30 pm and Oil Inventories at 2:30 pm are the important news on the agenda Wednesday. (all times GMT).
Global Markets 24 hours wrap-up
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