Dollar Stuck in Neutral as Markets Await Inflation Data

The market's start to the week was marked by caution and uncertainty as investors awaited key economic data, particularly the US CPI report set for release on Wednesday. The US dollar remained at a crossroads, with no significant movement against major currencies.

Oil prices trimmed their losses after news of a delayed US-Iran deal and lack of US attacks kept hopes alive. Gold prices were mixed, with gold itself down 0.2% to $4,333. The yen continued its decline, falling back against the dollar.

The market's overall risk mood was described as 'tepid', with US futures remaining flat on the day and 10-year Treasury yields lightly changed at 4.66%. The focus remains on the upcoming inflation data, which is expected to have a significant impact on market movements.