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US Dollar Rises Early Monday Amid Government Data Complications
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US Dollar Rises Early Monday Amid Government Data Complications
Nov 17, 2025 5:28 AM

08:07 AM EST, 11/17/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, except for a decline versus the pound, ahead of a busier week after last week's lull, with a backlog of government data after the shutdown complicating the schedule.

The main release of the week will be the long-delayed September nonfarm payrolls employment report at 8:30 am ET Thursday.

Monday's schedule includes the New York Fed's Empire State survey for November, the first look at manufacturing conditions for the month, at 8:30 am ET, and construction spending data for August at 10:00 am ET. New York Fed President John Williams is due to speak at 9:00 am ET, followed by Fed Vice Chair Philip Jefferson at 9:30 am ET, Minneapolis Fed President Neel Kashkari at 1:00 and Fed Governor Christopher Waller at 3:35 pm ET. Later, Dallas Fed President Lorie Logan is due to speak at 7:55 pm ET.

Tuesday's schedule includes the New York Fed's services reading for October, weekly Redbook same-store sales, factory orders data for August, and home builders' sentiment for November.

Wednesday's highlights will be weekly mortgage applications and oil stocks data inventory, trade data for August and minutes of the Oct. 28-29 Federal Open Market Committee.

In addition to the September employment report, the Philadelphia Fed's manufacturing reading for November, existing-home sales for October, leading indicators data for October, weekly natural gas stocks inventories, and the Kansas City Fed's manufacturing reading for November are all due to be released on November.

Friday's highlights include flash manufacturing and services purchasing managers' index measures for November from S&P Global, the final University of Michigan consumer sentiment reading for November, and the Kansas City Fed's services reading for November.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.1602 from 1.1621 at the Friday US close and 1.1628 at the same time Friday morning. There are no Eurozone data on Monday's schedule, but European Central Bank policy board member Luis de Guindos said earlier in the day that uncertainties, including from US trade policy, continue to be a risk to the Eurozone financial system. ECB policy board member Philip Lane is due to speak at 9:45 am ET. The next European Central Bank meeting is scheduled for Dec. 18.

GBP/USD rose to 1.3184 from 1.3170 at the Friday US close and 1.3151 at the same time Friday morning. There are no UK data on Monday's schedule, but Bank of England policy board member Catherine Mann is due to speak at 8:15 am ET. The next Bank of England meeting is scheduled for Dec. 18.

USD/JPY rose to 154.7661 from 154.5622 at the Friday US close and 154.0321 at the same time Friday morning. Japanese gross domestic product contracted in Q3, according to preliminary data released overnight, while Japanese industrial production rebounded in September after a decline in the previous month. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD rose to 1.4026 from 1.4023 at the Friday US close but was below a level of 1.4029 at the same time Friday morning. Canadian consumer price data for October and securities purchases and motor vehicle sales for September are all due for release at 8:30 am ET. The next Bank of Canada meeting is scheduled for Dec. 10.

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