Investors are keenly awaiting US inflation data, with a focus on Fed rate cut expectations. The potential implications for the US Dollar loom large, particularly concerning the GBP/USD and EUR/USD pairs. Market analysts suggest this CPI data could serve as a catalyst for volatility in these currency pairs. As traders prepare for the potential impacts of this news, global sentiments and economic conditions will be scrutinized. Observers expect that the direction of the US Dollar could hinge significantly on these upcoming figures.