[MARKET ANALYSIS] DXY is rangebound as participants await incoming inflation metrics with PPI and CPI scheduled on Thursday and Friday, respectively

DXY: Flat

• Trades little changed following the prior day's choppy performance and as catalysts for the dollar remained sparse, while there was little reaction across asset classes to US President Trump's speech at the RNC Midterm Convention, where he pledged a USD 5,000 'Trump dividend' to all adults in the US if Republicans win the Midterms. Attention now turns to incoming inflation metrics with US PPI and CPI scheduled for Thursday and Friday, respectively.

EUR/USD: Flat

• Lacks direction with price action confined within a tight range at the 1.1600 handle amid very few fresh catalysts for the bloc and with the ECB expected to raise rates at its meeting today.

GBP/USD: +0.1%

• Eked slight gains in range-bound trade after oscillating throughout the week in the absence of pertinent drivers and amid a quiet calendar.

USD/JPY: -0.1%

• Holds on to recent gains amid the backdrop of rate hike expectations and recent comments from officials, including the hawkish rhetoric from BoJ's Masu, who stated the BoJ is expected to continue raising interest rates given current accommodative financial conditions.

Antipodeans: AUD/USD +0.1% / NZD/USD +0.2%

• Rebounded from the prior day's lows but with upside limited in choppy trade and in the absence of tier-1 data.