Reacting to stronger underlying inflation news in the U.S. economy, the dollar moved up today. The nominal notion is that the inflation data feeds the fire of the speculation about an interest rate hike by the Federal Reserve.

The Fed national Beige Book was released today and the data within reinforced what shrewd analysts have been saying all along. The US economy is not going anywhere until it gets some real inflation fires stoked.

A number of factors conspired today to drag most markets down or at least inhibit full-strength upward movement.