Investors are focusing on the upcoming PPI and retail sales data to gauge the next move for US monetary policy. Core PPI is expected to remain steady at 0.2%, while retail sales are forecasted to rise by 0.5%. Strong data could support the US Dollar, pushing the DXY above 99.0. However, weak data may pressure the dollar lower towards 98.5. Mixed results may lead to consolidation as investors await clearer signals from upcoming economic releases. The outcome of the data will be crucial in shaping rate-cut expectations and the short-term direction of the US dollar.

Read more at Investing.com: US Dollar Near Key Levels as PPI and Retail Sales Set the Tone