Low levels of FX volatility will continue to favour carry trade strategies unless we see some major dislocation in the US rates market or some financial system stress re-appear. Against that backdrop, the Dollar should stay reasonably bid and its first major challenge this week will be tomorrow's May US CPI. 

DXY should trade in a narrow range (103.30-104.00) into tomorrow's CPI number, with bigger moves coming later in the week when we hear from the Fed, the ECB, and the BoJ.