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Things are not looking that great in the US economy and the dollar begins letting it go. However, the main culprit regarding the dollar’s fall is the US President. Every day is followed by a new revelation, with the FBI firing and the disclosure of classified data hurting. Other major currencies are stable but also feel some pressure. And for a change, commodity currencies are enjoying a recovery, rising with the price of oil on hopes for an extension of cuts. Commodity currencies remain in the limelight with the Australian jobs report ant the Canadian inflation data. And of course, we have top-tier UK data coming up.

Preview for the week of May 22-26: