(Bloomberg) After a three-week rally that erased the dollar’s 2018 losses, greenback bulls face a test Thursday in the latest read on U.S. inflation. Millennium Global Investments doesn’t expect them to be disappointed. That’s the view of Richard Benson, head of portfolio investments at the hedge fund, which manages $20 billion. April’s consumer-price index will be pivotal for the dollar’s direction, as one of the most important economic releases until the Federal Reserve reconvenes in June, he said. For him, the key is whether the data confirm that policy makers will stick to a gradual pace of rate hikes, a scenario he sees supporting the dollar.

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