The US Dollar remains robust near the 98 mark as the market awaits crucial Consumer Price Index (CPI) data release. Expectations around this data are building, as market participants consider the potential for Fed rate cuts fading. This sentiment creates additional downward pressure on currency pairs like GBP/USD and EUR/USD amid a prevailing risk-off market environment. Investors are keen to assess whether upcoming CPI results will ignite significant movement in the dollar and subsequently influence these major currency pairs in the near future. The focus remains squarely on inflation data and its potential implications.