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Inflation and Central Banks in the Spotlight - Casting aside worries over the long-term fiscal health of the U.S. in favor of the continued easy-money policies of its central bank, investors dumped the dollar for the allure of higher-yielding currencies. The broad dollar decline pushed the U.S. currency near its lowest levels since before the financial crisis of 2008 against a trade-weighted basket of its rivals. "What we're seeing is a flight back into risky assets across the board, and that's mostly coming at expense of the U.S. dollar" . Monetary policy will be the focus in central Europe Wednesday, with two Czech policy makers speaking at public events, a Hungarian central bank report and fresh data on Polish inflation. Czech central bankers are coming out in force ahead of their May 5 policy meeting and, as the market is divided on whether a rate hike is imminent, their comments will be welcomed by investors. In Warsaw, last month’s core inflation figure could provide clarity on the rate outlook following hikes in January and April. Surprisingly the consumer price index jumped to 4.3% on the year in March, from 3.6% in February. The National Bank of Hungary will publish its annual report on the country’s financial stability. Of particular interest will be data on the banking sector, which has been hit by an special crisis tax and also suffers from a rise in non-performing loans, mostly mortgages, due to rising unemployment and a weaker forint against the Swiss franc.