It was an ultra-calm session, in keeping with a week that was "practically for nothing" for the dollar, which ended up by barely 0.1% (the $-Index posted +0.03% at 105.25 on May 10).

It has to be said that the week was virtually devoid of any high-profile publications or interventions by central bankers (the BoE, which met on Thursday, did not act as a 'game changer', and the Pound fell by 0.1% against the $ over the week).
Return of economic indicators next week and a little more volatility in prospect on the FOREX.
The greenback did not react to the publication of the US consumer confidence index by the University of Michigan.

US household sentiment fell by almost -10pts in May, to 67.4: its lowest level for six months, according to preliminary figures from the University of Michigan survey released on Friday (analysts were expecting a much smaller decline, to around 76.2).

In detail, the current conditions component dropped to 68.8 from 79 last month, while the expectations component fell to 66.5 from 76 in April.



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