Created
: 2025.11.11
- 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
US Senate passes bill to reopen federal government
Breaking news
US Senate passes bill to reopen federal government
New
2025.11.11 11:35
2025.11.11 11:35
2025.11.11 11:35
The US Senate on Tuesday passed a funding bill that could end the government shutdown within days, BBC reported. The bill will head to the House of Representatives for final approval.
If it passes in both chambers of Congress, it will head to US President Donald Trump to be signed into law. Trump late Monday voiced support for a bipartisan agreement to end the US shutdown.
Market reaction
At the time of writing, the US Dollar Index (DXY) is trading 0.05% higher on the day to trade at 99.65.
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
: 2025.11.11
Related articles
NZD/USD softens below 0.5650 amid hopes of US shutdown end
2025.11.11 11:43USD/CAD rebounds toward 1.4050 as US shutdown resolution nears
2025.11.11 11:36US Senate passes bill to reopen federal government
2025.11.11 11:34Japanese Yen weakens on BoJ rate hike uncertainty and US shutdown resolution hopes
2025.11.11 11:20Australian Dollar loses ground despite stronger Westpac Consumer Confidence
2025.11.11 10:37PBOC sets USD/CNY reference rate at 7.0866 vs. 7.0856 previous
2025.11.11 10:15
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
Gold climbs to over two-week high as economic concerns reaffirm Fed rate cut bets
Gold (XAU/USD) is seen building on the previous day's breakout momentum above the $4,100 mark and gaining some follow-through traction for the third consecutive day on Tuesday.
New
2025.11.11 13:02Silver Price Forecast: XAG/USD rises to near $51.00 due to Fed rate cut odds
Silver price (XAG/USD) gains ground for the third consecutive session, trading around $50.90 per troy ounce during the Asian hours on Tuesday.
New
2025.11.11 12:46NZD/USD softens below 0.5650 amid hopes of US shutdown end
The NZD/USD pair loses traction near 0.5640 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) after the Reserve Bank of New Zealand's (RBNZ) latest monetary conditions survey.
New
2025.11.11 11:43USD/CAD rebounds toward 1.4050 as US shutdown resolution nears
USD/CAD gains ground after two days of losses, trading around 1.4030 during the Asian hours on Tuesday. The pair rises as the US Dollar (USD) gains support amid progress in the US Senate toward passing a deal to reopen the government.
New
2025.11.11 11:36US Senate passes bill to reopen federal government
The US Senate on Tuesday passed a funding bill that could end the government shutdown within days, BBC reported. The bill will head to the House of Representatives for final approval.
New
2025.11.11 11:34Japanese Yen weakens on BoJ rate hike uncertainty and US shutdown resolution hopes
The Japanese Yen (JPY) drifts lower for the third consecutive day on Tuesday and touches a fresh multi-month low against its American counterpart during the Asian session. On Monday, the Bank of Japan's (BoJ) Summary of Opinions indicated divided views on rate hikes.
New
2025.11.11 11:20Australian Dollar loses ground despite stronger Westpac Consumer Confidence
The Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday after two days of gains. The AUD/USD pair weakens as the US Dollar (USD) receives support from growing hopes for a potential deal to end the United States (US) federal government shutdown in the coming days.
New
2025.11.11 10:37PBOC sets USD/CNY reference rate at 7.0866 vs. 7.0856 previous
On Tuesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0866 compared to the previous day's fix of 7.0856 and 7.1204 Reuters estimate.
New
2025.11.11 10:15WTI declines below $60.00 on firmer US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.90 during the early Asian trading hours on Tuesday. The WTI declines amid the stronger US Dollar (USD) and concerns about global energy demand.
New
2025.11.11 10:11Japan's Kiuchi: Weak Yen raises prices via increased import costs
Japan's Economics Minister Minoru Kiuchi said on Tuesday that he is aware of high inflation weighing on private consumption, adding that Weak yen raises prices via increased import costs.
New
2025.11.11 10:03Disclaimer:
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
