U.S. inflation expectations were little changed in January according to a New York Fed survey, but the data was largely ignored as traders await the latest CPI report to be released on Tuesday.

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USD/TRY is heading back to January’s all-time high of 18.885 one week after the 7.8 magnitude earthquake ripped through the epicenter of the region.

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The precious metal remains under downside pressure, despite flashing an oversold technical signal, as the latest look at US price pressures near.

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EUR/USD failed to capitalize on upgraded growth forecasts by the European commission.

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Yields on a range of US Treasuries are back to multi-week highs ahead of Tuesday’s US inflation report, testing the market’s risk appetite.

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