Ella 
The U.S. dollar index rebounded strongly after hitting a multi-week low near 104.00 early in the session. The Conference Board leads the index on May 17, with Fed official John Waller set to speak.
EUR/USD is facing some downward pressure after hitting fresh highs near 1.0900. The final reading of euro zone inflation will not be released until May 17.
GBP/USD follows risk currencies and returns to sub-1.2700 territory following a rebound in the USD. On May 17, Bank of England Governor Mann will speak.
USD/JPY regained upward momentum, recouping some of Wednesday’s losses and breaking above the 155.00 mark on the back of a rebound in the dollar and rising U.S. bond yields.
AUD/USD has shed some of its strong weekly gains, coming under pressure shortly after hitting fresh highs above the 0.6700 mark.
WTI oil prices once again maintained a range-bound trend, always encountering resistance at the $80.00 mark, as traders assessed the recent decline in U.S. crude oil inventories and the prospect of a rate cut by the Federal Reserve.
Gold prices were lower, retreating from the $2,400 area, helped by a modest rebound in the U.S. dollar and rising U.S. bond yields. Silver prices are consolidating near the key mark of $30.00, a yearly high.
