The dollar traded sharply higher versus majors closing the trading week on a positive note ahead of the FOMC two days meeting, starting tomorrow. The better than expected Retail Sales data pushed the dollar index to 2 weeks highs of 97.58 yet all eyes will be on Fed Chairman Powell this week as he announces the near-term dollar policy Wednesday afternoon. Global equity markets closed the trading week flat, Technology stocks outperformed versus energy and financials and overall price rangebound and volumes lower than average. Metals traded mostly sideways despite the stronger dollar on another move to safety from cautious investors and OIL closed the trading week $1.5 per barrel in the red yet well above weekly lows of $50.73 per barrel.
EUR ECB President Draghi speech at 5:00 pm is the important news on the agenda Monday. (all times GMT).
Global Markets 24 hours wrap-up
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