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