The U.S. dollar has strengthened ahead of the release of the November Consumer Price Index (CPI) data, which is expected to influence the Federal Reserve's interest rate decisions. Analysts and traders are closely watching for signs of persistent inflation, which could push the dollar and Treasury yields higher if the data exceeds expectations. Meanwhile, the Bank of Canada (BoC) is anticipated to cut rates by 50 basis points, marking a significant policy shift amid economic crosswinds. The European Central Bank (ECB) is also set to lower rates for the third time in four months, reflecting the bloc's economic challenges. These central bank actions are expected to have a broad impact on global markets, with the U.S. dollar's performance being a key focus.