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Forex Weekly Outlook – May 15-19 2017

From forexcrunch.com

The second week of May saw the dollar gaining ground against many currencies despite a political controversy. A mix of events awaits us now: GDP from Japan, jobs from Australia, and housing data from the US. Here are the big events to look out for. Trump's firing of FBI Director Comey temporarily stalled the dollar's rally on worries about the President's growth agenda. However, this did not last too long. The dollar did struggle with the weak retail sales and CPI. US consuers are spending less than expected and core inflation is below 2% once again. The election of Macron as the next French president was expected, ... (full story)

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