The dollar fell across the board on Tuesday after data showed that U.S. consumer price inflation was weaker than expected last month, reinforcing expectations that the Federal Reserve will slow the pace of interest rate hikes after a two-day meeting. The dollar fell to a six-month low against the euro after the data, with the euro at $1.0673, its highest since June, before gaining 0.9 percent at $1.0631 in late New York trade.On Wednesday (December 14), Beijing time, the US dollar traded around 104.04. Gold rose more than 1% to its highest in more than five months at $1,824.39 an ounce; oil settled above $80 a barrel and posted its biggest one-day gain in more than a month after U.S. data showed inflation slowed , investors buy risky assets. The market was also buoyed by fears of supply disruptions, including the Canada-U.S. Keystone pipeline, which remains out of service after a massive spill last week.The data and news released the day before yesterday:Gold rose more than 1% on Tuesday to its highest in more than five months after a smaller-than-expected rise in U.S. consumer prices fueled bets the Federal Reserve would slow rate hikes. Spot gold climbed 1.7 percent to $1,810.98 an ounce, having hit its highest since June 30 in early trade.U.S. consumer prices barely rose in November, posting the smallest year-over-year increase in nearly a year amid falling gasoline and used-car costs. The dollar fell more than 1 percent to a near six-month low after the data, making gold cheaper against holders of other currencies. Benchmark U.S. 10-year Treasury yields also slipped.Fed funds futures prices are now implying that a smaller 25 basis point rate hike in February is more likely than ever before, after a 50 basis point hike expected this week."If the Fed abandons its hawkish tone entirely, gold could be on a path to the $1,861 level," Edward Moya, senior analyst at OANDA, said in a note.Crude oil prices settled above $80 a barrel on Tuesday, posting their biggest one-day gain in more than a month, as investors bought into risky assets after U.S. data showed a slowdown in inflation. The market was also buoyed by fears of supply disruptions, including the Canada-U.S. Keystone pipeline, which remains out of service after a massive leak last week.The U.S. dollar index fell sharply on Tuesday after data showed core U.S. consumer prices rose less than expected in November, reinforcing expectations that the Federal Reserve will slow the pace of rate hikes. "No one really thinks the number will be lower than expected, and it could be a demand-friendly event that makes the market buy," said Mizuho Bank analyst Robert Yawger.Focus will now turn to how the Fed reacts to the CPI report, Yawger added. A pause in rate hikes could push prices higher. However, traders said oil supply concerns had been present for several days, suggesting Tuesday's rebound could be due to broader "risk-on" sentiment after the release of the inflation data.TC Energy Corp's Keystone pipeline, with a capacity of 620,000 barrels per day, remains out of service after a leak last week, which could reduce overall U.S. inventories, especially for delivery of the U.S. crude futures contract at Cushing, Oklahoma Center inventory; According to a Reuters survey, U.S. crude oil inventories were expected to have fallen by 3.6 million barrels last week.USD/JPY fell to a one-week low of 134.67, and was last at 135.55, down 1.5%. Data showed that U.S. consumer prices rose less than expected for the second straight month in November, recording the smallest month-on-month gain in nearly a year, as gasoline and health care and the cost of used cars and trucks fell. U.S. consumer prices climbed 7.1% in the 12 months through November, the smallest gain since December 2021, after rising 7.7% in October.Excluding volatile food and energy prices, core CPI rose 0.2 percent in November after rising 0.3 percent in October. In the 12 months through November, the core CPI rose 6.0% after rising 6.3% in October.The report bolstered consensus expectations that the rate hike would be narrowed to 50 basis points when the Fed announces its rate decision on Thursday. Fed funds futures are also pricing in lower expectations for terminal interest rates, the level at which the Fed will stop raising rates, now at 4.8%, expected to be reached in May. That was down from expectations of around 5.1% late last month.Traders are also betting on the Fed raising interest rates by 25 basis points at each of its first two meetings in 2023 before stopping hikes, with a slight possibility that the last hike will be in May rather than March. "This means that the pace of rate hikes has slowed further, narrowing the spread between the dollar and other currencies further, because other countries are also raising rates, and the upward pressure on the dollar is reduced," said Ivan Asensio, director of foreign exchange risk consulting at Silicon Valley Bank.The dollar also fell sharply against commodity currencies; the Australian dollar rose 1.6% to $0.6850. The New Zealand dollar rose 1.3% to $0.6462. The U.S. dollar was down 0.5% against the Canadian dollar at C$1.3560. Richard Flax, chief investment officer at Moneyfarm in London, said: "We generally share the view that the market expects the Fed to move from raising interest rates so far to cutting interest rates in a relatively short period of time, and our view is that the market is pricing in Potential for the Fed to stay at its peak rate for a while longer."U.S. dollar index technical analysis:The U.S. dollar index encountered resistance below 105.10 on Tuesday, while its decline was supported above 103.55, which means that the U.S. dollar may maintain a downward trend after rising. If the U.S. index encounters resistance below 104.25 today, the target for future declines will be 103.30--102.70. Today, the short-term resistance of the US index is 104.20--104.25, and the important short-term resistance is 104.80--104.85. Today, the short-term support of the US index is 103.30--103.35, and the important short-term support is 102.70--102.75.EUR/USD technical analysis:Europe and the United States fell on Tuesday and were supported above 1.0525, and their rise was blocked below 1.0675, which means that Europe and the United States may maintain an upward trend after a short-term decline. If Europe and the United States fall above 1.0610 today to be supported, the target for the market outlook will point to 1.0700--1.0760. Today, the short-term resistance in Europe and the United States is at 1.0695--1.0700, and the important short-term resistance is at 1.0755--1.0760. Today, the short-term support in Europe and the United States is at 1.0610--1.0615, and the important short-term support is at 1.0550--1.0555.Gold technical analysis:Gold's fall on Tuesday was supported above 1778.00, and its rise was blocked below 1825.00, which means that gold may maintain an upward trend after a short-term decline. If gold falls above 1804.00 today and is supported, the target for the market outlook will be 1831.00--1851.00. Today, the short-term resistance of gold is 1830.00--1831.00, and the important short-term resistance is 1850.00--1851.00. The short-term support of gold today is 1804.00--1805.00, and the important short-term support is 1785.00--1786.00.Economic Calendar:Financial events:Market volatility:European stock markets closed: Germany’s DAX30 index closed up 187.82 points, or 1.31%, at 14494.45 points on December 13 (Tuesday); the British FTSE 100 index closed at 57.05 points, or 0.77%, at 7503.02 on December 13 (Tuesday). point;The French CAC40 index closed up 94.43 points, or 1.42%, at 6744.98 points on December 13 (Tuesday);The European Stoxx 50 Index closed up 64.83 points, or 1.65%, at 3986.65 points on December 13 (Tuesday);The Spanish IBEX35 index closed up 69.08 points, or 0.84%, at 8327.98 points on December 13 (Tuesday);Italy's FTSE MIB index closed up 323.32 points, or 1.33%, at 24627.00 points on December 13 (Tuesday).U.S. stock market closing: The Dow Jones Index closed up 105.65 points, or 0.31%, at 34110.69 points on December 13 (Tuesday);The S&P 500 index closed up 28.74 points, or 0.72%, at 4019.30 points on December 13 (Tuesday);The Nasdaq Composite Index closed up 113.08 points, or 1.01%, at 11256.81 points on December 13 (Tuesday).Commodity close: Brent crude futures settled at $80.68 a barrel, up 3.5%. U.S. crude futures settled at $75.39 a barrel, up 3%. Both contracts posted their biggest one-day gains since Nov. 4. U.S. gold futures settled at $1,825.50, up 1.9%.CWG outlook forecast:The short-term of the US dollar today is mainly short-selling on rallies, breaking positions to stop losses, setting a stop-profit if there is a profit of more than 30 points, and withdrawing all pending orders that have not been traded before the US market opens. This strategy is suitable for margin, and the firm offer can be used as a reference.U.S. dollar index: You can sell at the upper limit of the range of 104.25---103.35, effectively break the position by 30 points and stop loss, and the target is at the lower limit of the range.EUR/USD: You can buy at the lower limit of the range of 1.0700---1.0610, effectively break the position by 40 points and stop the loss, and the target is at the upper limit of the range.GBP/USD: You can buy at the lower limit of the range of 1.2465---1.2335, effectively break the position by 40 points and stop the loss, and the target is at the upper limit of the range.USD/CHF: You can buy at the lower limit of the range of 0.9300---0.9220, effectively break the position by 40 points to stop the loss, and the target is at the upper limit of the range.USD/JPY: It can be sold at the upper limit of the range of 136.05--134.15, effectively breaking through 40 points of stop loss, and the target i