The US dollar weakened slightly ahead of the CPI report as the market awaits inflation clues

According to Gate market data, the US dollar weakened before the release of the US CPI report, which may provide clues about the timing of any potential further interest rate hikes by the Federal Reserve.

Economists expect the overall inflation rate in October to decrease month-on-month from 0.6% in September to 0.3%, and the core inflation rate to drop from 0.3% to 0.2%. The DXY dollar index is currently down 0.12, to 101.55.