USD to continue to ease?

A few things would have to change in case of strong commodities increasing possibilty of Fed raising rates. A view such as this would assume, once it became a broad-based market consensus, that a large share of the USD strength seen since mid-2014 was based on incorrect assumptions and would have to be corrected almost completely. 

That is still a long way off. Based on the ICE's dollar index approx. ¼ of the dollar appreciation has been corrected. In particular speculative market participants continue to hold net USD longs as Friday's CFTC data suggests. 

"Even though there is a trend among these investors to reduce its USD longs this is happening at a snail's pace. No,  Fed that is never going to hike interest rates again is not fully priced in. If that was going to be the case (which our Fed watchers do not assume) the dollar would continue to ease", says Commerzbank.