Wednesday, February 21, 2018
DAILY FX, COMMODITIES &
GLOBAL FUTURES REPORT
The dollar index traded higher following the release of the FOMC meeting minutes, bucking the trend of the past three days and moving the greenback higher from four-year lows versus the Euro. It’s early to decide if this is a game changer for the dollar however the global and US markets reacted with a move lower of about one percent following the news. EU markets are expected to follow their counterparts with a move lower this morning, however, the EU markets responded positively to the recent pullback in the Euro and sterling versus the dollar.
UK GDP at 9:30 am, ECB Monetary meeting accounts at 12.30 pm, CAD Retail Sales at 1:30 pm and OIL Inventories at 4 pm are the important news on the agenda Thursday.
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