The dollar traded sharply higher versus majors following the FED meeting Wednesday while the euro traded lower on Italy political woes. FX markets saw their major move in favor of the dollar in more than a month, sending the dollar higher near one percent from six week lows versus the Euro. EU markets turned higher after a weak open on a weaker Euro while US markets traded in narrow ranges after a positive start and managed a positive close. Metals traded sharply lower on a stronger dollar while Oil continued its north path as investors fear the sanctions on Iran will push oil prices higher on a tighter supply market.
UK Current Account at 9:30 am and CAD GDP at 1:30 pm are the important news on the agenda Friday.
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