Created
: 2025.11.07
- 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
EUR/USD trades firmly near 1.1540 on renewed US labor market risks
World FX news
Breaking news
EUR/USD trades firmly near 1.1540 on renewed US labor market risks
New
2025.11.07 14:49
2025.11.07 14:49
2025.11.07 14:49
- EUR/USD clings to gains around 1.1540 as the US Dollar turns fragile.
- Rising US labor market risks have slightly prompted Fed dovish expectations.
- ECB's de Guidos stated that he is comfortable with current interest rates.
The EUR/USD pair holds onto Thursday's gains around 1.1540 during the late Asian trading session on Friday. The major currency pair exhibits strength as the US Dollar (USD) faces selling pressure due to renewed United States (US) labor market concerns.
At the press time, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trades marginally higher to near 99.80 after gaining temporary support near 99.60.
On Thursday, the US Challenger report showed that employers laid off 153,074 workers in October. The figure was 183% higher from numbers seen in September and 175% higher than the same month a year ago. The report also showed that laborforce reduction was majorly prompted by the rising adaptation of Artificial Intelligence (AI) and cost-cutting by employers.
Signs of cooling job demand have acted as slight drag on market expectations supporting the Federal Reserve (Fed) to hold interest rates steady in the last meeting of the year in December.
The CME FedWatch tool shows that the probability of the Fed to hold interest rates in the 3.50%-3.75% range in the December meeting has diminished to 33% from 38% seen on Wednesday.
Meanwhile, the Euro (EUR) trades broadly calm against its peers as comments from a number of European Central Bank (ECB) officials have signaled that there is no urgency of monetary policy adjustments.
ECB Vice President Luis de Guindos said in webinar on Thursday that he is comfortable with "current level of interest rates", and is optimistic on services inflation and growth.
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
: 2025.11.07
Related articles
NZD/USD reaches six-month lows near 0.5600 due to dovish RBNZ policy outlook
2025.11.07 16:07Forex Today: US Dollar finds support as focus shifts to US consumer sentiment data
2025.11.07 16:01EUR/GBP posts modest gains to near 0.8800 on BoE's dovish hold
2025.11.07 15:58USD/CAD Price Forecast: Eyes fresh six-month highs near 1.4150 within overbought zone
2025.11.07 15:33GBP/USD edges lower to near 1.3100 on potential for further BoE rate cuts
2025.11.07 14:55USD/CHF gains traction above 0.8050 amid US Dollar strength
2025.11.07 14:53
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
Dow Jones futures gain amid easing US-China tensions, Michigan Consumer Sentiment awaited
Dow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday. Moreover, the S&P 500 futures and Nasdaq 100 gained by 0.25% and 0.33%, with trading around 6,760 and 25,300, respectively.
New
2025.11.07 16:36NZD/USD reaches six-month lows near 0.5600 due to dovish RBNZ policy outlook
NZD/USD extends its losses for the second successive session, trading at a six-month low of 0.5609 during the early European hours on Friday.
New
2025.11.07 16:07Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $60.04 per barrel, up from Thursday's close at $59.40.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.33 price posted on Thursday, and trading at $63.97.
New
2025.11.07 16:05Forex Today: US Dollar finds support as focus shifts to US consumer sentiment data
Here is what you need to know on Friday, November 7:
New
2025.11.07 16:01EUR/GBP posts modest gains to near 0.8800 on BoE's dovish hold
The EUR/GBP cross trades with mild gains around 0.8790 during the early European session. The dovish pause from the Bank of England (BoE) weighs on the Pound Sterling (GBP) against the Euro (EUR).
New
2025.11.07 15:58USD/CAD Price Forecast: Eyes fresh six-month highs near 1.4150 within overbought zone
USD/CAD continues its winning streak for the seventh consecutive day, trading around 1.4120 during the European hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
New
2025.11.07 15:33WTI Price Forecast: Trades with modest gains below $60.00; not out of the woods yet
West Texas Intermediate (WTI) US Crude Oil prices edge higher during the Asian session on Friday and for now, seem to have snapped a four-day losing streak to an over two-week low, touched the previous day.
New
2025.11.07 15:09GBP/USD edges lower to near 1.3100 on potential for further BoE rate cuts
GBP/USD edges lower around 1.3120 during Asian hours on Friday, after rising 1% over the past two sessions. The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England's (BoE) dovish hold in November.
New
2025.11.07 14:55USD/CHF gains traction above 0.8050 amid US Dollar strength
The USD/CHF pair edges higher to near 0.8075 during the early European session on Friday, bolstered by renewed US Dollar (USD) demand. The preliminary reading of the U-Mich Consumer Sentiment survey will be published later on Friday.
New
2025.11.07 14:53EUR/USD trades firmly near 1.1540 on renewed US labor market risks
The EUR/USD pair holds onto Thursday's gains around 1.1540 during the late Asian trading session on Friday. The major currency pair exhibits strength as the US Dollar (USD) faces selling pressure due to renewed United States (US) labor market concerns.
New
2025.11.07 14:48Disclaimer:
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
