I expect the US Dollar to turn bearish for some time after this week. The bearish move will quite possibly begin on Wednesday if/when ADP numbers and the FOMC minutes disappoint Dollar bulls. Initially, the US Dollar should continue it's bullish pullback. But I don't expect this to last, due to fiscal policy concerns and the unlikeness of a June rate hike.
If the Fed truly does wish to space out three rate hikes over the course of this year, a June hike may be slightly early. And even if a June hike does occur, the US Dollar is likely to suffer until June is more directly on the horizon.
If the Fed truly does wish to space out three rate hikes over the course of this year, a June hike may be slightly early. And even if a June hike does occur, the US Dollar is likely to suffer until June is more directly on the horizon.