The US dollar index is up by 0.4% at 100.69 as of 7:47 a.m. ET.
This follows Tuesday when the currency tumbled after president-elect Donald Trump told the Wall Street Journal that the dollar is "too strong."
Separately, CPI will be released at 8:30 a.m. ET, while industrial production and the NAHB Housing Market Index will be out at 9:15 and 10 a.m. ET, respectively.
As for the rest of the world, here's the scoreboard as of 7:51 a.m. ET:
- The euro is down by 0.3% at 1.0679 against the dollar after data showed that consumer prices rose 1.1% in December, up from 0.6% in November. Energy saw the fastest appreciation at 2.6%.
- The British pound is down by 1.0% at 1.2283 against the dollar. Data released by the Office for National Statistics showed that UK unemployment keeps falling, with 52,000 fewer people unemployed in December. The unemployment rate held at a 10-year low of 4.8%.
- The Russian ruble is up by 0.3% at 59.2038 per dollar, while Brent crude oil, the international benchmark, is down by 1.5% at $54.66 per barrel.
- The Japanese yen is down by 0.7% at 113.42 per dollar.
- The Mexican peso is down by 0.8% at 21.6941 per dollar.
- The Turkish lira is down by 0.6% at 3.7833 per dollar.