[MARKET ANALYSIS] DXY is flat amid summer doldrums and looming CPI data

DXY: Flat Trades little changed as markets await US CPI & PPI data over the next couple of days and, in the absence of any major fresh catalysts, while recent Fed comments continued to show that combating inflation is the main Fed priority, with Fed's Goolsbee noting that the biggest problem facing the economy right now was inflation. Elsewhere, optimism over the reopening of the Strait of Hormuz continues to fade as fresh attacks are seen on ships in both key waterways in the region, and Iran reaffirmed that demands must be met for a reopening of Hormuz. EUR/USD: Flat Price action is range-bound in the absence of fresh drivers and with the FX space showing signs of the summer doldrums. GBP/USD: Flat Lacks direction after recent oscillations through the 1.3500 level and as the UK data calendar remains extremely quiet ahead of GDP and output data on Thursday. USD/JPY: +0.1% Ekes slight gains but with price action contained within a tight range at the 159.00 handle amid a lack of key data and ongoing BoJ September rate hike bets. Antipodeans: AUD/USD Flat / NZD/USD -0.2% Antipodeans are mixed following the two-way moves in AUD/USD in the aftermath of the RBA meeting and press conference, while NZD/USD retests this week's lows.