Has the USD Stopped Falling?

<p>&nbsp;The US dollar remained stuck around two-month lows against its main rival in the European session.</p><p><br /></p><p>This is shown in the movement of the dollar index which continues to hover around the price of 101.80 against a group of major currencies.</p><p><br /></p><p>Investors are now focusing on the release of US consumer inflation data due on Wednesday.</p><p><br /></p><p>While awaiting the release of the data, the US dollar is now moving on the back of last month's disappointing NFP jobs data.</p><p><br /></p><p>Tracking major currency movements, the euro traded slightly off its two-month high at around 1.1000 against the greenback.</p><p><br /></p><p><br /></p><p>Germany's final inflation reading showed consumer prices rose 6.8% in June, in line with early and market expectations.</p><p><br /></p><p>The pound remained trading at a 15-month high after UK jobs data showed wage growth remained strong in May.</p><p><br /></p><p>Meanwhile, the yen was driven higher to its strongest level in three weeks against the greenback following the 10-year US treasury yield which continued to decline to 3.95%.</p><p><br /></p><p>Elsewhere, the New Zealand dollar slipped back from its three-week high of 0.6185, with investors focused on the Reserve Bank of New Zealand's (RBNZ) policy meeting tomorrow morning.</p><p><br /></p><p>Also in the spotlight is the Aussie dollar which is currently trading at around 0.6669 against the US dollar, where Reserve Bank of Australia (RBA) Governor Philip Lowe will address the Asian session tomorrow.</p>