The upcoming Consumer Price Index CPI report holds significant potential to shift market expectations surrounding the Federal Reserve. The US Dollar Index remains firm, as traders look toward the GBP/USD and EUR/USD currency pairs, which sit at critical levels. Market experts suggest that any surprises in the CPI data could influence monetary policy talks and bring volatility to the forex markets. Thus, all eyes will be on this data release as it may set the tone for currency trading in the coming days.