The dollar traded sharply lower Friday following the dovish speech by Fed Chairman Powell and the anticipation of a new NAFTA agreement. The speech sent investors fleeing from the US dollar into riskier currencies just 24 hours after they did just the opposite. Global markets traded higher led by a fresh new highs in US markets and a new wave of positive sentiment ahead of the US China trade talks. Metals traded sharply higher on the weaker dollar with Gold closing above the 1200$ level and Oil traded up for the fifth day in a row on Iran sanction supply fears to close above 69$ per barrel.
German Info Business Climate at 9 am is the important news on the agenda Monday.
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