Dollar retreats from 20-year peak

Dollar declined in European trade for the first session in five off 20-year highs on active profit-taking.

The Dollar Index

The dollar index fell 0.4% to 103.37, with an intraday high at 103.96, after closing up 0.2% yesterday, away from a 20-year high at 104.19.

US Inflation 

From the US, consumer prices are expected up 0.2%, compared to a 1.2% rise in February, while core prices are expected up 6%, slowing down from 6.5% in March.

Inflation data will play a crucial role in determining the path forward for policy decisions. 

Estimates

Analysts expect dollar to continue moving in a negative space if inflation disappointed.