TheNews

The US Dollar (via the DXY Index) has lost ground for two consecutive weeks.
Interest rate differentials have narrowed among the major currencies, undercutting a key source of US Dollar strength in recent months. Incoming US economic data won’t do any favors for the ‘US recession’ calls, but key US labor market figures will likely remain strong. The US Dollar has a bearish bias heading into the first week of June.

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