Created
: 2025.11.03
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US President Donald Trump blocks Nvidia's Blackwell AI chip sales to China
World FX news
Breaking news
US President Donald Trump blocks Nvidia's Blackwell AI chip sales to China
New
2025.11.03 10:56
2025.11.03 10:56
2025.11.03 10:56
US President Donald Trump said that the United States (US) will prevent China from obtaining Nvidia's most advanced semiconductor technology, CBS News reported on Monday.
Trump underscored national security risks as Washington's continued focus on restricting the flow of cutting-edge artificial intelligence hardware to its strategic rival.
Elsewhere, Trump said on Sunday he will not attend the Supreme Court's upcoming oral arguments concerning the legality of his global tariffs. Justices have a Wednesday hearing scheduled for arguments on the tariffs case. Trump further stated that despite his desire to be there, he does not want to create a distraction during the hearing.
Market reaction
At the time of writing, the US Dollar Index (DXY) is trading 0.09% higher on the day to trade at 99.80.
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the 'de facto' currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world's reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed's weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
Last updated
: 2025.11.03
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USD/CHF edges up above 0.8050 as Swiss CPI disappoints
The US Dollar has ticked up to session highs, right above 0.8050, on Monday's early European session, extending gains for the fourth consecutive day. The Swiss Franc's weakness has provided additional support for an already buoyant Greenback, as the Swiss Consumer Prices Index (CPI) data revealed
New
2025.11.03 17:22USD/CAD Price Forecast: Eyes upper rectangle boundary after breaking above 1.4000
USD/CAD gains ground for the third successive session, trading around 1.4020 during the European hours on Monday. The technical analysis of the daily chart indicates a price consolidation, with the pair moving sideways within a rectangle pattern.
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2025.11.03 17:22NZD/USD remains subdued near 0.5700 due to potential for renewed US-China tensions
NZD/USD continues its losses for the fourth successive session, trading around 0.5720 during the European hours on Monday.
New
2025.11.03 17:06Swiss CPI declines unexpectedly at a faster pace of 0.3% on month
Swiss Consumer Price Index (CPI) declined at a surprisingly faster pace of 0.3% on month in October against estimates of 0.1%. In September, inflationary pressures deflated by 0.2%.
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2025.11.03 16:48Forex Today: US Dollar rally pauses to start new week
Here is what you need to know on Monday, November 3:
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2025.11.03 16:12EUR/GBP drifts higher above 0.8750 amid ongoing UK budget concerns
The EUR/GBP cross edges higher to near 0.8775 during the early European session on Monday. Mounting political pressures surrounding UK Finance Minister Rachel Reeves exert some selling pressure on the Pound Sterling (GBP) against the Euro (EUR).
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2025.11.03 16:04Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.24 per barrel, up from Friday's close at $60.70.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $64.58.
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2025.11.03 16:02ECB's Nagel: Outlook holding but options open in December
The European Central Bank (ECB) Governing Council member Joachim Nagel said that Eurozone economic data aren't diverging from the ECB's outlook, but policymakers are keeping their options open, Bloomberg reported on Monday.
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2025.11.03 15:41AUD/JPY Price Forecast: First upside barrier emerges above 101.50, RBA rate decision in focus
The AUD/JPY cross trades in positive territory near 101.10 during the early European session on Monday. The Japanese Yen (JPY) weakens against the Australian Dollar (AUD) amid the uncertainty surrounding the timing of the next rate hike by the Bank of Japan (BoJ).
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2025.11.03 14:46EUR/JPY holds steady above 177.50 amid thin trading due to Japan's holiday
EUR/JPY holds ground after registering losses in the previous session, trading around 177.70 during the Asian hours on Monday. The currency cross edges higher as the Japanese Yen (JPY) weakens after the Bank of Japan (BoJ) maintained a cautious stance on interest rates.
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2025.11.03 14:30Disclaimer:
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