Dollar Rises Ahead of Crucial Inflation Data That Could Shape Fed Rate Path
• US Dollar Index trades higher at 102.50 amid negative market sentiment and ahead of key CPI data on Thursday
• Markets turn cautious, boosting demand for safe-haven US Dollar
• December CPI inflation figures expected to come in at 3.2% YoY vs 3.1% previously
• CPI data seen as determinant of Fed rate cut expectations and Dollar pairs movement
• Technical analysis shows bulls in control of short-term trend, but longer-term outlook less clear