The US Dollar recovered firmly on Tuesday, with the Greenback sprinting higher against the Japanese Yen.

CPI week in the US starts off on a mixed note with lower US equity futures, unchanged treasuries, and a slightly weaker USD. Tomorrow’s inflation data will be the last major economic release ahead of next week’s Fed rate decision.

The USD declined 0.4% yesterday after the producer price index rose less than forecast, showing results in categories that feed into the PCE inflation index—the Fed’s preferred price measure—that were subdued.

Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell-off as the focus shifts to a plethora of economic data released this week.

USD gains peaked at 0.4% ahead of yesterday’s North American session, falling through the remainder of the day to close just 0.15% higher.

The USD rose 0.15% yesterday, experiencing haven demand after a relatively hawkish Fed dot plot and concerns about the French election.

After posting its fourth-straight weekly gain last week, the US Dollar is pushing higher this morning and trading at a five-week high as markets digest last week's US inflation numbers and the latest concerning economic headlines out of China.

The US Dollar started out strong today before falling flat, with the bond market fretting over former US President Donald Trump’s spending plans.

The Dollar is back in the green this morning after dropping 0.2% yesterday as traders gear up for major US data releases over the course of the week, beginning with tomorrow's GDP and ADP employment reports.

After gains of 0.23% ahead of the North American session yesterday, the USD closed 0.15% lower following Powell’s panel commentary, which leaned dovish.