US GDP should come in at over 4% and the Fed's preferred measure of inflation should still be running hot.

DXY should continue to consolidate in a narrow 106.00-106.50 range, but we can imagine that protective stops are building on long DXY positions in the 105.55/105.75 area.

Perhaps the most likely scenario for a lower Dollar is one where equities fall so hard that the short-end of the US curve is re-priced lower and crowded long Dollar positions get scaled back.