Looking ahead to Tuesday, US wholesale inventories are forecasted to have contracted for the eighth straight month in April.

The US dollar and Japanese yen both fell against most of the majors on Thursday as risk sentiment improved.

The US dollar and Japanese yen both staged notable rallies on Wednesday amidst a broad shift in sentiment.

The US dollar continued its steady decline on Tuesday.

The US dollar and Japanese yen both fell lower on Monday, though the latter was the weakest of the majors, as investor sentiment continued to build despite the fact that General Motors Corp. unsurprisingly filed for bankruptcy protection.

The US dollar and Japanese yen both fell back on Thursday.

US housing market reports suggested that the contraction of the sector may be bottoming out.

Up until the open of the US session, it seemed as if the dollar was going to find significant reprieve to last week’s selling.

Is the US dollar signaling a potential reversal?

The combination of the plunge in the US dollar and Treasuries, vast drops in FX carry trades, the equity markets, and oil, along with a jump in the CBOE’s VIX volatility index tells us one thing.