The U.S. Dollar Index gained strong downside momentum after U.S. inflation reports met analyst expectations. RSI remains in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge. This article was originally posted on FX Empire More From FXEMPIRE: Australian Dollar Climbs During the Trading Session USD/CAD Retreats As Treasury Yields Pull Back British Pound Continuing to Build Base The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.