With the market fully pricing in the October Fed rate cut (Wednesday) and our view that the central bank is unlikely to pre-commit to a more meaningful cutting cycle (rather it should stick to its reactive approach/insurance cuts) the key dollar driver should be the US economic data. We look for a modestly above-consensus Q3 GDP (Wed), yet see a risk to the dollar stemming from the October US labour marker report (Fri). The non-farm payrolls are likely to dip (ING 70K vs market 95K) and disappoint due to the GM strike being a drag on the numbers. Such a figure would increase odds of further rate cuts (even if the Fed ... (full story)