Dollar recovered some strength and gold fails to break through the level of 1300

An improvement in risk sentiment saw a rebound in global stocks and the US Dollar. The Dollar Index (USD/DXY) rallied to finish 0.42% higher. Treasuries dropped and yields climbed back up. Markets chose to focus on Trump’s efforts to reform tax legislation which look to be gaining ground. Political tensions eased somewhat. Weaker than expected German and Euro Zone ZEW Business and sentiment index data weighed on the Euro.