Look for the Bloomberg Dollar Spot Index to fall after CPI on Thursday, as it usually has lately.
The gauge has declined in the half hour following each of the past 11 reports. Month-on-month inflation has either met expectations or missed during the run. This time, it’s expected to slow to 0.3% from 0.6%, which will help put the central bank on hold. Atlanta Fed President Raphael Bostic said the US central bank doesn’t need to keep raising interest rates unless disinflation starts to stall.