The dollar traded sharply lower versus majors as trade war worries take backstage to global markets rally and to new highs in the S&P500 index and investors shun away from the dollar and JPY. EU markets traded higher across the board while positive action in US markets led the way to new highs in the US. The dollar is now trading at two month lows versus the euro and investors will get more clarity from the FED next Wednesday on the greenback near term path. Metals traded higher on dollar weakness with Gold closing at 1206$ per ounce while Oil traded lower after yesterday rally on profit taking and demand concerns to close at 70.2$ per barrel.
CAD CPI and Retail Sales at 1:30 pm is the important news on the agenda Friday.
Swing trades follow up
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