The dollar traded sharply lower versus majors ahead of the meeting between the US and China trade talks and following the declaration by president Trump that he would prefer a lower interest rate environment for the dollar. Global equity markets traded is positive territory ahead of the trade talks with US markets trading at new all time highs and overall positive sentiment. Oil traded higher on a decrease in US inventories to close above 65.5$ per barrel ahead of the Inventories number today and metals traded higher on a weaker dollar, Gold closed at 1196$ per ounce, up 2.5% from year lows.
CAD Retail Sales at 1:30 pm, Oil Inventories at 3:30 pm and FOMC meeting minutes at 7:00 pm are the important news on the agenda Wednesday.
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