Next week is expected to be quiet regarding economic data for the US following an exhaustive week of releases. The weekly Jobless Claims on Thursday and the University of Michigan Consumer Sentiment survey on Friday stand out as the week’s highlights. In the following week, the Consumer Price Index is scheduled for release. The RBA will have a meeting, and China will release inflation data.Image Source: PexelsHere is what you need to know for next week: The US Dollar had its worst weekly performance in months following the Federal Open Market Committee (FOMC) meeting and the Nonfarm Payroll report. The Fed kept interest rates as expected, and the Nonfarm Payrolls rose by 150,000, below market expectations but still indicating a healthy labor market.US Jobs data came in below expectations, hinting at a more balanced market and contributing to growing expectations that the Federal Reserve (Fed) is done with rate hikes. This increased risk appetite in Wall Street and weighed on the US Dollar. However, there may still be corrections and potential further declines, particularly if US Treasury yields continue to decline. Nevertheless, the fundamentals still favor the US Dollar, as US economic growth outperforms other economies. Next week, the economic calendar is quiet in terms of US data. The most relevant reports will be the weekly Jobless Claims and the University of Michigan Consumer Sentiment survey on Friday. After that, attention will turn to the Consumer Price Index (CPI), due on November 14, which is crucial for Fed officials and market expectations.Geopolitical events will continue to have an important impact next week. Chinese inflation data, scheduled for release on Thursday, will be closely watched.EUR/USD rose more than 150 pips during the week, boosted by a weaker US Dollar and breaking above the 55-day Simple Moving Average (SMA) on Friday. The economic outlook for the Euro area remains complicated. Next week, Eurostat will release the Producer Price Index for September on Tuesday and Retail Sales data on Wednesday.The Bank of England’s Monetary Policy Committee voted 6-3 to keep the cash rate unchanged at 5.25%, as expected. GBP/USD jumped on Friday towards 1.2400, reaching monthly highs, while EUR/GBP decisively broke below 0.8700, falling to 0.8665, the lowest level in two weeks. The UK will release Gross Domestic Product figures for the third quarter on Friday, as well as Industrial Production and trade data.USD/JPY dropped for the third consecutive day on Friday, amid lower Treasury Yields. The weekly chart shows a reversal pattern that could anticipate further weakness ahead. The pair posted its lowest weekly close in a month, below 149.50. The Bank of Japan will release its Summary of Opinions on Thursday, including projections for inflation and economic growth.USD/CAD plummeted on Thursday and Friday, falling from one-year highs near 1.3900 to 1.3650. The sharp reversal took place amid risk appetite and was driven by a weaker US Dollar. The Bank of Canada will publish the minutes of its last monetary policy meeting on Wednesday.AUD/USD jumped from monthly lows to the highest level in weeks, surpassing the key resistance area around 0.6500. The pair closed the week above the 20-week SMA. The Reserve Bank of Australia (RBA) will announce its monetary policy decision on Tuesday. Market expectations lean towards a rate hike. Some analysts expect a 25 basis point rate hike, while others anticipate no change. The RBA could resume its tightening cycle after keeping the cash rate unchanged at 4.10% during four consecutive meetings. The rebound in inflation has firmly put a rate hike back on the table.NZD/USD rose sharply, approaching the 0.6000 mark and the 20-week SMA. The short-term bias has changed dramatically, and now the pair looks set to rise further. The Reserve Bank of New Zealand (RBNZ) will release its inflation expectations report for the fourth quarter on Wednesday.Gold surpassed $2,000 on Friday but failed to stay above. The risk outlook appears tilted to the upside, but the yellow metal is facing strong resistance. Silver soared from $22.65 to $23.20 on Friday, just enough to erase weekly losses.