The dollar is rallying for a second day despite decent economic news coming from Europe.
The dollar rose against most counterparties ahead of the release of minutes from the Federal Reserve’s April meeting later today, with the exception of the pound.
There was little economic news today to stir the markets, and most currencies are trading near flat to the dollar.
The economic calendar is fairly sparse this week for G10 currencies, so volatility may remain weak once again.
This edition of FX Currency Outlook examines the USD’s struggle to gain ground.
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