USD: More dovish Fed policy continues to weigh heavily – MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has continued to weaken in the Asian trading session following the signal last week from the Fed that it is still in no hurry to begin resuming rate hikes at their next policy meeting in June.
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UK PMI: What to expect of GBP/USD?

The UK economy will release its April manufacturing PMI later in the European session. Market consensus expects the indicator to have improved a tad to 51.2 from 51.0, adding to the recent string of positive results in the domestic economy...
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