"Expectations that the Fed may announce another 75 basis point rate hike on September 21 have risen on the back of (Friday's) strong U.S. July payrolls report," said Jane Foley, senior currency strategist at Rabobank."Later this week, the July U.S. CPI inflation release is expected to show some moderation in inflation pressures," she said. "This may now be sufficient for the Fed to relax."