A sense of anticipation has gripped financial markets as investors brace for the latest US inflation report this afternoon.

Financial markets were injected with fresh volatility this week as geopolitical tensions between the United States and China rocked sentiment.

Earlier in the week, we questioned whether another jumbo Fed rate hike would be enough to satisfy dollar bulls.

The past few days have been rough for the dollar. It has weakened against every single G10 currency this week as investors cut bets on how aggressive the Federal Reserve may be when raising interest rates in July.