The Dollar is on the decline this morning, sinking towards a three-week low after the release of US inflation data all but assured markets the Fed is likely to stand pat tomorrow.

After a dismal two-week stretch that saw the Dollar Index shed nearly 3%, the Greenback looks poised for a strong rebound, up over 1% on the week heading into the final session.

The US Dollar is inching higher this morning after initially trading lower through the European session.

After seeing its five-day rally come to an end yesterday, the US Dollar Index is down for the second-straight day as markets brace for this afternoon's Fed decision and the ensuing press conference.

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The Greenback has bounced off the lows and is nearing positive territory for the day as traders continue to assess yesterday's Fed decision while evaluating this morning's onslaught of US data alongside the latest ECB headlines.

After posting its fourth-straight weekly gain last week, the US Dollar is pushing higher this morning and trading at a five-week high as markets digest last week's US inflation numbers and the latest concerning economic headlines out of China.

The Dollar Index is pulling back this morning after three consecutive days in the green as traders digest the influx of critical data releases from the US and across the globe.

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The Dollar Index is on the decline this morning after having its five-day winning streak snapped yesterday.