The U.S. dollar rate against the euro and the yen is declining in a correction on Monday night as traders also wait for data on U.S. consumer prices, according to trading data.

The euro-dollar rate was rising to $1.0213 from its previous closing level of $1.0181, while the dollar-yen rate was falling to 134.6 yen from 134.97 yen. The dollar index (exchange rate against a basket of currencies of six U.S. trading partners) was down 0.46%, to 106.13 points.

Last week, the dollar gained 0.4% against the euro and 1.3% against the yen; the dollar index rose 0.7%. Traders assessed the possibility of the US Federal Reserve raising the discount rate by 75 basis points in September following strong data on the country’s labor market.

Traders are now awaiting information on annual U.S. inflation, which analysts believe slowed to 8.7 percent from 9.1 percent in July.

“The macroeconomic calendar is quiet this week, and U.S. inflation will be the main event,” City Index market analyst Fawad Razaqzada told Agence France-Presse. According to the expert, after the release of statistics on consumer prices, investors will focus on the dollar in anticipation of the Fed’s decisions.