US Dollar edges lower as markets await December CPI figures

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• DXY Index registers minor losses, trading around 102.40.
• Investors are on standby awaiting CPI figures to be released on Thursday.
• Lower US yields limit the US Dollar advance. 

The US Dollar (USD) observed modest losses on Wednesday, trailing at 102.4 in the US Dollar Index, as market participants stick to the sidelines awaiting drivers. The trading floors were relatively quiet with no significant reports fuelling reactions during the session. The focus is set on the release of the US Consumer Price Index (CPI) from December, due on Thursday.