The robust advance of the dollar is showing signs of stabilization after earlier gains today. A noteworthy increase in the UK's December Consumer Price Index (CPI), surpassing expectations, has allowed the British pound to bounce back from its dip below $1.26, marking the lower limit of a one-month trading range. Currently, sterling stands as the sole G10 currency exhibiting strength against the dollar as the North American session approaches.
ECB President Lagarde's resistance to early rate cut speculation may have contributed to curbing losses for the euro.

Concurrently, there is an acceleration in losses within equity markets, with Europe's Stoxx 600 recording its third consecutive session decline, totaling a 1.2% loss—exceeding the combined losses of the previous two sessions. US index futures indicate continued pressure on American equities.

Gold is hovering around $2033, positioned midway within today's trading range.
February WTI, peaking near $75 on Monday, experienced a dip to almost $70.60 today, marking a five-day low.

Asia Pacific
Yesterday witnessed the dollar's robust surge, exceeding 1% against the Japanese yen—the most significant single-day advance since last October's end. Reaching nearly JPY147.30 yesterday and almost JPY148 today, the trend showcases strength.
The Australian dollar, however, faced a significant 1.2% decline yesterday, marking its most substantial fall since mid-October. Follow-through selling today extends the Aussie's descent for the fifth consecutive session, testing the $0.6530 area.

Europe
The UK's report on a more robust than anticipated December CPI, registering a 0.4% increase—twice the expected value—resulted in a year-over-year rate of 4.0%, up from November's 3.9%.

Following a sideways movement within the range set on January 5 (US jobs day), the euro exhibited a breakdown yesterday, approaching $1.0860. Limited follow-through selling today is observed, reaching almost $1.0855, possibly influenced by ECB President Lagarde's comments resisting rate cut speculation before summer.
While sterling experienced a decline yesterday, it remained above the lower end of its one-month range at $1.26, briefly touching it today before recovering post-CPI. The rebound, though sharp, encountered resistance just below $1.27.

America
Today's crucial US economic data—retail sales and industrial production—and tomorrow's housing starts constitute the final significant inputs ahead of the January 25 initial estimate of Q4 GDP.

Canada's December CPI, reported yesterday, revealed a 0.3% monthly decline. However, due to the base effect, the year-over-year rate increased to 3.4% from November's 3.1%. Underlying core rates exhibited slight firming, signaling a gradual easing of price pressures expected to decline notably in the early part of this year.