We get to see October releases for US CPI and Retail Sales. Headline CPI could be flat MoM, which would see the YoY dropping to 3.3%, while core could stay stubbornly firm around 0.3% MoM/4.1% YoY. This should be a neutral outcome for the Dollar, although Wednesday's release of some softer Retail Sales figures could prove a Dollar negative and may finally suggest that tighter credit conditions have caught up with the US consumer.

It looks as though it will be a range-bound week for the Dollar. We would suggest that DXY struggles to make it over the 106.00/106.25 area early in the week and could be back to test the recent lows at 105.35/105.40 by the end of the week as the threat of a US government shutdown comes into starker relief.