• USD is expected trade sideways with a weakening bias in the short term, as the Fed seems to remain very dovish and inflation is still not showing any sign of picking up, according to last week's release. 
• With only tier 2 data in the US next week, no major moves are expected in the dollar and look for further positioning reductions. 
• On the data front, on Tuesday, we get durable goods orders for May; later in the week is the final reading of Q1 GDP, which is expected to be revised up from -0.7% to -0.2%. Finally, on Thursday, the PCE index is scheduled to be published, along with personal income and spending data.