Dollar a touch softer awaiting the US CPI report later ...Middle East

There is a slight extension to the narrow ranges earlier but it is looking rather one-sided. The greenback is the one dragged lower now in European morning trade, with EUR/USD pushing to a one-month high of 1.0853. The pair is now up 0.2% on the day, with other major currencies also posting roughly similar gains against the dollar.USD/JPY is down 0.1% to 161.50 while GBP/USD is up 0.2% to 1.2878, helped by a better UK monthly GDP data here. Besides that, USD/CHF is also down 0.2% to 0.8980 and AUD/USD up 0.2% to 0.6760 on the day.The flows here are quite isolated though, with equities and bonds not really hinting at much. S&P 500 futures remain tepid, down 0.1% on the day. Meanwhile, 10-year

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