Will the U.S. CPI release support a buy-the-rumor, sell-the-news situation for the U.S. dollar later this week? Our Event Guide for the U.S. May CPI Report suggests that Uncle Sam could see higher consumer prices from April to May, though the monthly pickup could cool a bit even as annual inflation readings move higher. This mix could make it tougher for dollar bulls to squeeze out fresh gains if traders have already priced in a hotter inflation backdrop. Here's why EUR/USD and XAU/USD may present the best opportunities for anti-USD positions: