Joshua Gibson

AUD/USD trades just above 0.7050 on Tuesday August 11, a tenth of a percent firmer inside a 29-pip range, having taken the Reserve Bank of Australia (RBA) decision entirely in its stride.

The July Consumer Price Index (CPI) landed at 12:30 GMT on every line the consensus had written for it, and the Dow Jones Industrial Average (DJIA) has spent the hours since handing back the few minutes of enthusiasm that followed.

Sterling spent the London morning building a case for a break and the rest of the session dismantling it, trading near 1.3495 after a high just short of 1.3550 and a loss of not quite a tenth of a percent.

USD/JPY is erasing gains from Tokyo's record 14 trillion yen intervention, grinding back toward the critical 160.00 resistance level.

The Dow Jones Industrial Average trades near 53,700 on Thursday, roughly 75 points and a tenth of a percent lower, on a morning when the S&P 500 prints a fresh record intraday high and the Nasdaq Composite runs close to a percent higher.

The largest weekly build in American Crude Oil inventories in three and a half years landed on Wednesday into a market that two forecasting agencies spent the same morning describing as physically short, and the barrel has been selling since.

Japan's record-breaking Yen intervention has seen half its gains erased as USD/JPY climbs back toward 160.

Two cooling inflation readings carried the broad market to a record on Thursday, taking the S&P 500 through 7,800 for the first time, and Friday morning supplied the explanation for where the cooling came from.

The Dollar Index took a payroll contraction on August 7, a cooler consumer price reading on August 12 and a flat producer price reading on August 13 without surrendering its range. Friday's data finally did it.

With September rate hike odds tumbling to 31%, the greenback faces a bearish trend toward the 99.00 support handle.