The new week has begun off quietly. The dollar is in narrow ranges against the G10 currencies, +/- 0.15% as the North American market prepares to open. The Dollar Index is trading inside the narrow pre-weekend range. With softer US CPI, retail sales, and industrial production due this week, we have a downside bias for the greenback. Most emerging market currencies are firmer. A few Asian currencies, including the Chinese yuan and Philippine peso are among the exceptions. Equity markets are mixed. The MSCI Asia Pacific Index was flat last week after rally more than 6% in the previous two weeks. Japanese, Chinese, and ... (full story)