Two further labor market reports – the first will be published on Friday – and two new sets of inflation data as well as some other economic indicators are due for publication before the next meeting in December. 

No doubt the market will keep a close eye on whether the fall in inflation is sustainable and whether there will be first discernible signs of the surprisingly robust US economy cooling. If such signs emerge, another rate hike will become increasingly unlikely and rate cuts could move onto the agenda. This, in turn, is likely to hurt the Dollar.