The dollar just encountered a fresh round of selling, and is lower across the board

Markets are finally starting to wake up as we have UK inflation data in less than an hour from now (0930 GMT).

The USD is losing ground as most major pairs are starting to stretch out of their ranges for the time being. USD/CHF is one of those "big" movers. The pair was previously trading in a 8-pips range, but is now suddenly down 20 pips to 0.9897.

The moves are generally about 15-20 pips for the time being (exception being NZD and AUD), but they are starting to move now.