USD: Dollar’s losses continue

The US dollar has been the biggest loser in the currency arena for the past month and that continues right through to the end of the May.

Yesterday was Memorial Day and a public holiday, with no data releases. Today there will be house price data – will there be any end to the 20.2% annualised house price rise from last month? – and some other consumer and PMI data.

However, tomorrow’s JOLTs job openings data and ISM Manufacturing PMI that will be of most interest, plus unemployment and non-farm payrolls on Friday.

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