Dollar Rebounds Above 100 as Markets Eye Thursday's Data Deluge

The US Dollar has staged a strong recovery in recent trading sessions, pushing above the 100.00 mark on the US Dollar Index (DXY). This rebound comes after the release of the Consumer Price Index (CPI) report, which met market expectations.

The greenback has strengthened against most major currencies, with notable gains against the New Zealand Dollar. EUR/USD has slipped back to near 1.1500, while GBP/USD has retreated from highs in the high-1.3400s as traders position for Thursday's UK Gross Domestic Product (GDP) report.

Gold prices have surged, reaching nearly $4,410 per troy ounce amid escalating Middle East tensions. West Texas Intermediate (WTI) Oil remains steady near $83.00 per barrel due to ongoing geopolitical concerns over the Strait of Hormuz.