The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.
A slew of Fed policymakers will hit the lecture circuit this week, while the only ‘high’ rated data release is the April US inflation report due on Friday.
The past few days have produced choppy price action in Gold and the US Dollar, but price action after the May Fed meeting may point to near-term resolution.
The US Dollar will deal with several important data releases over the coming week, including US inflation data and the Fed meeting minutes.