The dollar should not benefit from inflation data.
Our experts believe the data will suggest that Fed rates have peaked. That means the dollar should not benefit from the data, as its release will not call into question the pause in rate hikes in September, while also cementing the view that no further rate hikes will come in November.
Maybe the market will be happy that it can stay in the summer range for now without having to swing wildly back and forth on inflation data. Of course, the data could cause some weird swings here and there, especially if they deviate significantly from expectations, but I think everyone is pretty happy with EUR/USD around 1.10.