After a series of unfavorable economic data prompted market speculation that the Federal Reserve would not raise interest rates for a period of time, the US dollar may fall to a low in May. Given the lingering global inflationary pressure, this means that the Federal Reserve's pace of austerity may lag behind other major central banks, putting continued pressure on the dollar. The Bloomberg Dollar Spot Index fell about 0.2% on Monday, hovering near the May low that hit just below 1,199 last Friday. When the US and Japan joined forces to support the yen, the US dollar initially lost upward momentum, then the yen fell and crude oil prices rebounded, yet the dollar's performance was still weak.

After a series of unfavorable economic data prompted market speculation that the Federal Reserve would not raise interest rates for a period of time, the US dollar may fall to a low in May. Given the lingering global inflationary pressure, this means that the Federal Reserve's pace of austerity may lag behind other major central banks, putting continued pressure on the dollar. The Bloomberg Dollar Spot Index fell about 0.2% on Monday, hovering near the May low that hit just below 1,199 last Friday. When the US and Japan joined forces to support the yen, the US dollar initially lost upward momentum, then the yen fell and crude oil prices rebounded, yet the dollar's performance was still weak.