The Dollar posted the biggest declines since the outcome of the US elections. Oil traders change their bullish mood from last week on the hopes of a positive decision from OPEC, as the commodity market optimism fails to spread on the equities.
Retreat is taking over the market with USD,Oil and Gold in the lead
US Dollar retreats after climbing to a two-month peak on Friday as the September payrolls signalled a slump in the labour force growth. On the news, Gold extends decline on the rising chance of a rate hike in December
GfK official Joe Staton explained the upbeat change with UK consumers accommodating to a new reality outside of EU, although seeing no adverse changes after Brexit as official disintegration process has not yet commenced.