Dec 10 (Reuters) - The dollar index rose with Treasury yields on Tuesday as investors prepared for a U.S. CPI release in the upcoming session that is expected to show a pick-up in consumer inflation.

The estimated 0.3% monthly headline increase for November would be its largest since April.

Despite expectations of faster inflation, Reuters polling that shows 90% of economists anticipate a 25 basis point rate cut from the Fed at its Dec. 17-18 meeting.

In U.S. data, The National Federation of Independent Business Optimism index jumped to its highest level since June 2021. Separately, Q3 labor cost growth was revised sharply downward, to 0.8% from the previously stated 1.9%.

The euro fell to a 2-1/2 year low versus sterling before an expected European Central Bank rate cut on Thursday.

The leaders of France's Socialist Party hailed "interesting but inconclusive" talks with President Emmanuel Macron.

The loonie was little changed ahead of an expected half percentage point cut by the Bank of Canada on Wednesday. The Australian dollar fell about 1% following Tuesday's Reserve Bank of Australia meeting.

Treasury yields were up 3 to 4 basis points across tenors. The 2s-10s curve was up about 0.4 basis points to +7.5bp.

The S&P 500 fell 0.07% amid weakness in real estate shares

Oil gained 0.60% as markets looked to rising China demand and tight winter supply in Europe.

Gold rose 1.26% to a two-week high amid geopolitical tensions and expectations of a Fed rate cut next week.

Copper edged down, under pressure from a slowdown in China's export growth and a stronger dollar.

Heading toward the close: EUR/USD -0.29%, USD/JPY +0.48%, GBP/USD +0.06%, AUD/USD -0.95%, DXY +0.27%, EUR/JPY +0.22%, GBP/JPY +0.55%, AUD/JPY -0.39%.

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(Editing by Burton Frierson Reporting by Robert Fullem)

((robert.fullem@thomsonreuters.com;))