Created
: 2025.10.21
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Forex Today: Markets remain focused on US-China, government shutdown news
World FX news
Breaking news
Forex Today: Markets remain focused on US-China, government shutdown news
New
2025.10.21 16:25
2025.10.21 16:25
2025.10.21 16:25
Here is what you need to know on Tuesday, October 21:
The trading action in financial markets remains choppy on Tuesday as investors remain focused on headlines surrounding the trade talks between the United States (US) and China, as well as the prolonged government shutdown. In the second half of the day, September Consumer Price Index (CPI) data from Canada will be featured in the economic calendar.
US President Donald Trump said on Monday that he thinks that they will have a "very strong deal" with China. Trump will be meeting with Chinese President Xi Jinping on the sidelines of an economic conference in South Korea next week. Meanwhile, the US Senate rejected the stopgap funding bill for the 11th time on Monday, failing to reopen the government. Wall Street's main indexes gained more than 1% on Monday and the US Dollar (USD) Index ended the day virtually unchanged. Early Tuesday, the USD Index clings to small gains above 98.50 and US stock index futures lose about 0.1% on the day.
US Dollar Price This week
The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.35% | 0.36% | 0.41% | 0.30% | -0.01% | 0.27% | 0.11% | |
| EUR | -0.35% | 0.02% | 0.14% | -0.05% | -0.26% | -0.14% | -0.24% | |
| GBP | -0.36% | -0.02% | -0.10% | -0.06% | -0.27% | -0.15% | -0.26% | |
| JPY | -0.41% | -0.14% | 0.10% | -0.17% | -0.45% | -0.23% | -0.41% | |
| CAD | -0.30% | 0.05% | 0.06% | 0.17% | -0.26% | -0.09% | -0.20% | |
| AUD | 0.00% | 0.26% | 0.27% | 0.45% | 0.26% | 0.12% | 0.00% | |
| NZD | -0.27% | 0.14% | 0.15% | 0.23% | 0.09% | -0.12% | -0.10% | |
| CHF | -0.11% | 0.24% | 0.26% | 0.41% | 0.20% | -0.01% | 0.10% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Sanae Takaichi has won a historic vote to become Japan's first female prime minister, as she secured enough votes to gain the majority in the Lower House. USD/JPY edged higher with the initial reaction and was last seen trading in positive territory above 151.00.
Following a deep correction to end the previous week, Gold extended its slide toward $4,200 in the first half of the day on Monday. Nevertheless, XAU/USD managed to gather bullish momentum in the American session and gained more than 2% on the day. Gold stays in a consolidation phase at around $4,330 in the European morning on Tuesday.
After posting small gains on Monday, USD/CAD inches higher and trades slightly above 1.4050 early Tuesday. On a yearly basis, the CPI in Canada is forecast to rise 2.3% in September, at a faster pace than the 1.9% recorded in August.
GBP/USD struggles to hold its ground and trades below 1.3400 after posting marginal losses on Monday. In the European morning on Wednesday, the UK's Office for National Statistics will release inflation data for September.
EUR/USD stays under modest bearish pressure and trades below 1.1650 in the early European session on Tuesday. European Central Bank (ECB) President Christine Lagarde will deliver a keynote speech at Norges Bank's Climate Conference later in the day and she is unlikely to comment on the policy outlook.
US-China Trade War FAQs
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China's economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Last updated
: 2025.10.21
Related articles
USD/JPY hovers near 155.00 amid growing intervention rumours
51 minutes agoNZD/USD stabilises as New Zealand labour market concerns grow, Fed rate cuts eyed
2025.11.13 21:19AUD/USD jumps to near 0.6580 on strong Aussie labor market data
2025.11.13 20:31USD/JPY: Likely to rise further and potentially test 155.20 - UOB Group
2025.11.13 20:25GBP/JPY remains steady above 203.00 despite UK GDP disappointment
2025.11.13 20:15NZD/USD: Likely to trade in a range between 0.5605 and 0.5695 - UOB Group
2025.11.13 19:51
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/JPY hovers near 155.00 amid growing intervention rumours
The US Dollar remains trading within its previous ranges on Thursday, consolidating gains near 20-month highs at the 155.00 area against a weaker Japanese Yen.
New
2025.11.13 21:50Gold climbs toward $4,250 as shutdown ends, Fed signals temper easing bets
Gold (XAU/USD) extends its advance on Thursday, climbing above the $4,200 psychological barrier and notching a five-day winning streak. The precious metal has now retraced most of its corrective decline from the all-time high near $4,381.
New
2025.11.13 21:24NZD/USD stabilises as New Zealand labour market concerns grow, Fed rate cuts eyed
NZD/USD trades around 0.5660 on Thursday at the time of writing, virtually unchanged on the day, after failing to extend its three-day winning streak. The pair edges lower, weighed down by the softness of the New Zealand Dollar (NZD) amid rising concerns about the country's labour market.
New
2025.11.13 21:19Gold Price Forecast: XAU/USD rallies above $4,200 on US Dollar weakness
Gold (XAU/USD) extends gains for the fifth consecutive day on Thursday as the US Dollar dives on risk appetite, following the end of the US government's closure.
New
2025.11.13 21:00AUD/USD jumps to near 0.6580 on strong Aussie labor market data
The AUD/USD pair climbs to near 0.6580 during the European trading session on Thursday, the highest level seen in almost two weeks. The Aussie pair strengthens as the Australian Dollar (AUD) outperforms its peers, following the release of the strong Australian employment numbers for October.
New
2025.11.13 20:31USD/JPY: Likely to rise further and potentially test 155.20 - UOB Group
US Dollar (USD) could rise further and potentially test 155.20; any further advance is unlikely to reach 155.55. In the longer run, the price action suggests USD is likely to trade with an upside bias; any gains may be capped near 155.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.11.13 20:25GBP/JPY remains steady above 203.00 despite UK GDP disappointment
The Pound remains moderately bid against the Japanese Yen on Thursday, and holds previous days' gains at levels near two-week highs at the 203.50 area, unfazed by a raft of weaker-than-expected UK economic figures released earlier on the day.
New
2025.11.13 20:15NZD/USD: Likely to trade in a range between 0.5605 and 0.5695 - UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5640 and 0.5670. In the longer run, weakness in NZD has stabilized; for the time being, it is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.11.13 19:51USD/CHF drops as US Dollar weakens on government reopening, Fed outlook
USD/CHF trades lower on Thursday, hovering around 0.7950, down 0.30% at the time of writing. The pair extends its corrective move, pressured by broad weakness in the US Dollar (USD) as risk appetite improves following the reopening of the US federal government.
New
2025.11.13 19:47AUD/USD holds key 200-DMA support - Société Générale
AUD/USD has found support near the 200-day moving average at 0.6440/0.6410, pausing its recent decline, Société Générale's FX analysts note.
New
2025.11.13 19:47Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
