Reply To: Forex Weekly Outlook – The US Dollar Continues Pullback with Risk-On Flows

#37715
TradersCom
Keymaster

The USD is the strongest and the NZD is the weakest Monday morning after the 3-day Memorial Day holiday.

It is month end today, which can influence flows.

US stocks are lower.
Oil is higher as the EU agrees to Russia oil embargo from the end of the year (with caveats). Crude oil traded to $119.40 today.
US yields are higher across the board.
The EU flash inflation reached 8.1%, a 23 year record.