The dollar has lifted out of lows seen yesterday, which were a product of a drop in long-dated U.S. yields following sub-forecast April ISM and March construction data. The narrow trade-weighted DXY USD index lifted back to near 92.20 after posting a low at 90.87. This returns focus back on yesterday’s two-week peak at 91.39. We retain a bullish medium-to-longer term view of the dollar. The prognosis for the U.S.

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