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US Dollar Rises Early Monday to Start Holiday Week
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US Dollar Rises Early Monday to Start Holiday Week
Nov 24, 2025 5:20 AM

07:58 AM EST, 11/24/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, except for a decline versus the euro, before the start of the condensed holiday week.

The addition of delayed federal government data will further complicate the schedule.

Monday's schedule starts with the Dallas Federal Reserve's manufacturing index for November at 10:30 am ET followed by annual revisions to the Fed's industrial production series at 12:00 pm ET.

Tuesday's highlights include delayed retail sales and producer price data for September, home price data for September, pending home sales for October and consumer confidence data for November, and the delayed business inventories report for August.

Wednesday's schedule includes weekly mortgage applications, jobless claims, crude oil stocks and natural gas stocks data and delayed durable goods orders data for September before Thursday's Thanksgiving Day holiday.

Friday's schedule will be light, with only the Chicago purchasing managers' index for November being released.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1539 from 1.1519 at the Friday US close and 1.1502 at the same time Friday morning. There are no Eurozone data on Monday's schedule, but European Central Bank President Christine Lagarde is due to speak at 9:50 am ET. The next European Central Bank meeting is scheduled for Dec. 18.

GBP/USD fell to 1.3094 from 1.3107 at the Friday US close but was above a level of 1.3045 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Dec. 18.

USD/JPY rose to 156.8321 from 156.4162 at the Friday US close and 156.8201 at same time Friday morning. Monday is a holiday in Japan, so there were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD rose to 1.4111 from 1.4090 at the Friday US close and 1.4092 at the same time Friday morning. Canadian manufacturing sales data for October are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Dec. 10.

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