The way the market will react to this data point is most likely to be as follows. A strong inflation reading that comes in above 7% for the headline and above 6 % for the core will show market participants that the Fed still has more to do in terms of hiking rates
Will the USD see a buy the rumour sell the fact response next week?
When something won’t sell off on bad news then it often won’t sell off at all. The gold market recently illustrated this point