SINGAPORE, May 15 Reuters The U.S. dollar fell slightly from a fiveweek high on Monday after a period of strength that has confused analysts.

Meanwhile, The Turkish lira sank to a twomonth low as weekend elections looked headed for a runoff, while the Thai baht rallied after a more decisive election result.

The euro was up 0.27 against the dollar on Monday at 1.088, rebounding after falling 1.54 the previous week.

That helped send the dollar index , which measures the greenback against six major peers, down 0.19 to 102.49. That was just below a fiveweek high of 102.75 touched earlier in the session.

Analysts have said many factors could be behind the dollar39;s recent strength, including concerns about U.S. inflation, and fears about the debt ceiling standoff and global economic growth driving safehaven buying.

Alvin Tan, head of Asia FX strategy at RBC Capital Markets, said a pickup in U.S. bond yields over the last two days had supported the currency.

U.S. yields rose on Friday and Monday after a University of Michigan survey of consumers39; longterm inflation expectations jumped to the highest since 2011. That put a possible Fed rate hike next month back in play, with traders laying down those odds at 11.5 .

Tan said U.S. interest rates have risen, as the Michigan inflation expectations was stronger than expected, number one, and number two, Fed officials seem to be consistently hawkish by emphasizing that the Fed has no plan to cut interest rates.

The dollar…