05/29/2015 - The Dollar Is King for May, But Can It Last?

* The Dollar Is King for May, But Can It Last?
* Stocks: Why the FTSE 100 Could Be a Leading Indicator
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities
* Global Data Highlights

The last trading day of May saw a pause in the recent dollar rally. Friday's economic data didn't help dollar sentiment, and confirmation that the US economy shrank 0.7% in the first quarter sent the buck lower at the end of last week. Although this was less than the -0.9% decline expected, it suggests that the US economy is still under the first quarter weather-related curse that we saw last year.

The immediate rush to safe havens saw Treasury yields fall and the dollar back away from recent highs. However, not even this data is enough to dislodge the dollar's pole position in the G10 FX space for May....Full text »

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