Here’s what to watch on Wednesday, May 21:

The US Dollar Index (DXY) tested again near the psychological support level of 100.00 amid rising US yields and new tensions regarding the health of the US economy. Next on the US agenda will be the usual MBA mortgage applications data, followed by the weekly report from the Energy Information Administration (EIA) on US crude oil inventories. Additionally, both Daly and Hamak and Brakins from the Federal Reserve are scheduled to speak.