Created
: 2025.11.17
- 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: US Dollar stabilizes, focus remains on central bank commentary
World FX news
Breaking news
Forex Today: US Dollar stabilizes, focus remains on central bank commentary
New
2025.11.17 16:26
2025.11.17 16:26
2025.11.17 16:26
Here is what you need to know on Monday, November 17:
The US Dollar stays resilient against its major rivals to start the new week as markets reassess the probability of a Federal Reserve (Fed) rate cut in December. In the second half of the day, policymakers from major central banks will be delivering speeches. Investors will also pay close attention to the October inflation report from Canada.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.09% | 0.03% | 0.14% | -0.01% | 0.10% | -0.03% | 0.03% | |
| EUR | -0.09% | -0.07% | 0.09% | -0.08% | 0.01% | -0.12% | -0.05% | |
| GBP | -0.03% | 0.07% | 0.12% | -0.03% | 0.07% | -0.08% | 0.00% | |
| JPY | -0.14% | -0.09% | -0.12% | -0.16% | -0.07% | -0.20% | -0.13% | |
| CAD | 0.00% | 0.08% | 0.03% | 0.16% | 0.10% | -0.04% | 0.04% | |
| AUD | -0.10% | -0.01% | -0.07% | 0.07% | -0.10% | -0.13% | -0.05% | |
| NZD | 0.03% | 0.12% | 0.08% | 0.20% | 0.04% | 0.13% | 0.07% | |
| CHF | -0.03% | 0.05% | -0.00% | 0.13% | -0.04% | 0.05% | -0.07% |
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).
Hawkish remarks from Fed officials caused investors to scale back their bets on a December rate cut. According to the CME FedWatch Tool, markets are currently pricing in about a 56% chance that the Fed will hold the policy rate unchanged at the last meeting of the year, up from about 37% a week earlier. In the European morning on Monday, the USD Index edges higher toward 99.50. The Bureau of Labor Statistics announced that it will release the Nonfarm Payrolls data for September on Thursday. Meanwhile, US stock index futures were last seen gaining between 0.1% and 0.6% on the day. US Treasury Secretary Scott Bessent said over the weekend that a rare earths deal between the US and China will "hopefully" be done by Thanksgiving, as reported by Reuters.
USD/CAD trades in a narrow range above 1.4000 after closing the previous week marginally lower.
The data from Japan showed earlier in the day that the Gross Domestic Product (GDP) contracted at an annual rate of 1.8% in the third quarter, after expanding by 2.3% in the second quarter. This reading came in better than the market expectation for a contraction of 2.5%. USD/JPY stays relatively quiet in the European morning on Monday and trades at around 154.70. Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that they are maintaining an accommodative monetary policy because underlying inflation rate remains below target.
EUR/USD stays in a consolidation phase, slightly above 1.1600, in the early European session.
After rising in the first half of the previous week, Gold staged a sharp correction and closed below $4,100, erasing a large portion of its weekly gains. On Monday, XAU/USD holds steady near $4,070.
GBP/USD ended the previous week virtually unchanged after closing in negative territory on Friday. The pair moves sideways above 1.3150 early Monday.
Fed FAQs
Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.
The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials - the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
In extreme situations, the Federal Reserve may resort to a policy named 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 during crises or when inflation is extremely low. It was the Fed's weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.
Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.
Last updated
: 2025.11.17
Related articles
Canada CPI expected to ease slightly in October as markets assess BoC policy path
18 minutes agoNZD/USD stays near 0.5700 as Trump removes tariffs on New Zealand exports
26 minutes agoGBP/USD picks up to 1.3180 with UK fiscal concerns still weighing
2025.11.17 17:16EUR/USD drifts lower on risk-off markets with delayed US economic data in focus
2025.11.17 17:06USD/CAD Price Forecast: Tests nine-day EMA barrier near 1.4050
2025.11.17 16:39Forex Today: US Dollar stabilizes, focus remains on central bank commentary
2025.11.17 16:25
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
Silver Price Forecast: XAG/USD consolidates losses below $51.00
Silver (XAG/USD) is showing a mild recovery attempt on Monday. The pair bounced up from $50.00 lows on Friday but is struggling to find acceptance above the $51.00 level. which leaves price action hovering in no man's land, after a sharp reversal from the $54.30 area last week.
New
2025.11.17 18:04Canada CPI expected to ease slightly in October as markets assess BoC policy path
All eyes will be on Monday's inflation report, as Statistics Canada releases October's CPI figures. The data will give the Bank of Canada (BoC) a much-needed update on price pressures ahead of its December 10 meeting, where policymakers are widely expected to keep rates steady at 2.25%.
New
2025.11.17 18:00NZD/USD stays near 0.5700 as Trump removes tariffs on New Zealand exports
NZD/USD gained for the second successive session, trading around 0.5680 during the European hours on Monday. The New Zealand Dollar (NZD)after US President Donald Trump on Friday lifted tariffs on New Zealand exports worth about NZ$2.21 billion ($1.25 billion) annually.
New
2025.11.17 17:52GBP/USD picks up to 1.3180 with UK fiscal concerns still weighing
The Pound has bounced up from session lows near 1.3135, to hit session highs near 1.3180, but remains moving within previous ranges, extending the choppy and sideways trading seen over the last few weeks.
New
2025.11.17 17:16EUR/USD drifts lower on risk-off markets with delayed US economic data in focus
EUR/USD opened the week on a soft note, and returns to the 1.1600 area at the time of writing, extending Friday's reversal from session highs above 1.1650.
New
2025.11.17 17:06Dow Jones futures gain as traders eye delayed US data, Fed signals
Dow Jones futures rise 0.18% to trade above 47,300 during European hours ahead of the opening of the United States (US) regular session on Monday. Moreover, the S&P 500 futures and Nasdaq 100 added 0.57% and 0.90%, with trading near 6,800 and 25,300, respectively.
New
2025.11.17 17:03USD/CAD Price Forecast: Tests nine-day EMA barrier near 1.4050
USD/CAD moves little after registering modest losses in the previous session, trading around 1.4020 during the European hours on Monday. The daily chart's technical setup reflects a sustained bullish bias, with the pair continuing to trade within its ascending channel.
New
2025.11.17 16:39Forex Today: US Dollar stabilizes, focus remains on central bank commentary
Here is what you need to know on Monday, November 17:
New
2025.11.17 16:25BoJ Ueda: Underlying inflation rate remains below target
Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday, "underlying inflation rate remains below target, therefore we are maintaining an accomodative monetary policy."
New
2025.11.17 16:23Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $59.30 per barrel, down from Friday's close at $59.77.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $63.92.
New
2025.11.17 16:07Disclaimer:
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
