Yesterday, USD strengthened against most major currencies except CAD.
The U.S. CPI m/m data released yesterday indicated continued increase in inflation in December.
CPI m/m data (Actual: 0.4%, Forecast: 0.4%, Previous: 0.2%)
Core CPI m/m data (Actual: 0.1%, Forecast: 0.1%, Previous: 0.2%)
It was reported earlier today that the House of Representatives has voted to impeach President Trump, charging him with the incitement of an insurrection that led to violence in the Capitol.
Federal Reserve Chairman Powell will be speaking at a webinar tomorrow at 0130 (SGT). During this time, there may be volatility in USD.