The upcoming Consumer Price Index (CPI) data, projected to rise to 2.7%, is expected to play a crucial role in shaping Federal Reserve policy. This may lead to gains in the US Dollar. At the same time, Gold prices remain steady near $2,695 as market participants navigate uncertainty. Investors should keep a close watch on the CPI release as it could significantly impact the forex market, particularly influencing currency pairs like GBP/USD and EUR/USD.