The dollar traded sharply higher across the board as investors sentiment turned sour following President Trump potential legal issues and the trade war saga between the US and China that seems to linger into next week. Investors turned to the dollar after four days on the offensive side sending metals sharply lower and again turning sharply versus emerging markets currencies. Global equity markets were mostly flat yet the sentiment was a negative one as all major EU and US indexes closed in the red. Oil traded higher to close at 68.05$, a week ahead of Labor Day weekend, the benchmark for crude peak demand.
US Durable Goods orders at 1:30 pm and FED Chairman Powell speech at 3:00 pm are the important news on the agenda Friday.
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