The US dollar has been bound in a general rising trend for the past two months. However, after this past week’s economic calendar failed to support the growing speculation surrounding a neutral Fed for the rest of year, the trend likely ran out of steam.

US dollar and Treasury yield gains have slowed quite a bit now that weaker-than-expected core CPI figures have hit the markets, as there is far less support for the Federal Reserve’s overtly hawkish stance.

As expected, the consumer prices report set the tone for the US dollar early on in the New York morning. It wasn't industrial production, TIC or even current account that set the day’s theme. It was inflationary pressures.

Adding to already established momentum from the week's barrage of positive economic data, it was revealed today that property and factory investment continued to surge according to the Statistics Bureau.

Traders had to endure three distinct waves of event risk from Friday’s economic calendar.

Currency technical analyst Jamie Saettele analyzes the euro against the Canadian dollar, Australian dollar, and New Zealand dollar.

The fourth wave correction decline is underway.

Surprising no one, BOJ kept the overnight lending rate at 0.50%. However, it was Governor Fukui’s reluctance to commit to a rate hike in August that hurt the yen in overnight trade.

Terri Belkas previews U.S.inflation numbers.

Tim Bourquin interviews Toni Hansen, who talks about how she uses different strategies during different times of the day, why it took her nearly four years to get truly comfortable with her methods, and how she learned to bounce back from a streak of losing trades.