Uncertain CPI data in the US and hawkish comments from Fed officials further supported the dollar on Thursday ahead of the release of further inflation rates at the end of the week.

Here’s what you need to know on Friday, October 11:

The US Dollar Index (DXY) rose above the 103.00 barrier to modern two-month highs as market participants adjusted to rising expectations of a 25 basis point rate cut in November. Inflation in the US will remain at the center of the debate with the release of producer prices, supported by the interim Michigan Consumer Sentiment report and speeches by Goolsbee and Bowman of the Fed.

Downward pressure on EUR/USD gained additional momentum, briefly sending the pair to support below 1.0900. The focus is on Germany’s final inflation rate, expanded to include current account results.

Additional dollar gains have prompted GBP/USD to move lower and trade just pips away from key support at 1.3000. An compelling day in British history with the release of GDP, trade balance, industrial production, industrial production, construction production and the NIESR monthly GDP tracker.

USD/JPY partially halted Wednesday’s acute gain shortly after reaching modern highs around 149.50. Next on the list of Japanese data will be October 15 industrial production data.

AUD/USD outperformed its riskier peers and rose slightly after five consecutive daily declines. The Westpac Leading Index and Hunter’s RBA speech will be released on October 16.

WTI prices rose sharply on persistent geopolitical concerns and hopes for a recovery in demand in China and the US.

Gold prices reversed a multi-day negative streak and returned to the $2,630 per troy ounce region after a short-lived low near $2,600. Silver prices left behind three consecutive daily losses and made a solid recovery above $31.00 per ounce.