• The US Dollar trades in positive territory for a fourth consecutive trading day on Wednesday. 
• Traders brace for US CPI data for October, with an uptick in inflation expected. 
• The US Dollar index trades above 106.00, nearing a fresh six-month high. 

The US Dollar (USD) tires to continue its uprising on Wednesday, signaling it still has fuel in its tank for a push higher supported by rising US yields. The Trump trade is getting more and more priced in, and,  while the Fed remains data dependent, traders are gradually paring back bets of another interest-rate cut in December, a scenario that could give the Greenback another push higher. 

The US economic calendar is having one of its focal points for this week with the release of the US Consumer Price Index reading for October. Expectations for the monthly headline figure are in a very tight range between 0.1% to 0.3%, making a consensus call of 0.2%. That means that any number outside that range will trigger a substantial move in markets.