FXStreet (Edinburgh) - US inflation figures gauged by the CPI are due later in the session. Market consensus sees headline consumer prices advancing 0.1% on a year to October, while the Core reading – excluding Food and Energy costs – is seen at 1.9% on a yearly basis. Inflation, or the lack of it, has been a persistent concern amongst FOMC members against the backdrop of a potential Fed’s lift-off, most likely to be announced at the December meeting. Many of the members have already expressed their divided views on the subject, and many have also coincided that current inflation levels remain low. In the current generalized environment of USD strength, a positive reading should help to confirm the uptrend in the greenback, accelerating in turn the downside in EUR/USD. On the opposite side of the road, a print below expectations could give spot a fresh bout of buying interest, although the ‘sell on rallies’ stance seems to be well installed amongst traders, limiting the upside in consequence. For more information, read our latest forex news.