19/11/2025
USD struggled across the board on Monday due to improved risk sentiment, but upcoming US economic data could offer a recovery opportunity. Eurozone CPI data and Canadian political developments will also influence the markets today.
The US dollar continues to dominate across the board, supported by resilient economic data and a cautious Fed approach to rate cuts. This week’s focus will centre on inflation data from Europe and critical US labour market reports.
Geopolitical risks, particularly in France, Canada, and South Korea, remain key factors to watch as they may influence market sentiment and safe-haven flows.
Currency markets have started the holiday-shortened week with subdued trading volumes, leading to limited volatility.
The US Dollar’s dominance persists, driven by a hawkish Fed and robust economic data. Diverging central bank policies and weaker data continue to weigh on the Pound, Euro, and Australian Dollar.
The Bank of England (BoE) is expected to leave interest rates unchanged at 4.75% following its final meeting of 2024.