Many European countries were on May Day public holiday yesterday and the US dollar bulls have used the opportunity of thin markets to break through some key levels. This comes as safe haven plays such as the yen, gold and US Treasuries have suffered. The question is whether this break on the dollar can be sustained. A move on the dollar came in response to the prospect of increased issuance of ultra-long bonds in the US, which drove Treasury yields higher. However, this move of dollar strength flew in the pace of disappointing economic data. As traders look forward to the Fed this week, US data continues to come in ... (full story)