financetom
Economy
financetom
/
Economy
/
US Dollar Rises Early Tuesday Ahead of Redbook, Consumer Sentiment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Dollar Rises Early Tuesday Ahead of Redbook, Consumer Sentiment
Nov 4, 2025 5:08 AM

07:43 AM EST, 11/04/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of the release of weekly Redbook same-store sales at 8:55 am ET and consumer sentiment data for November from RealClearMarkets shortly after 10:00 am ET.

International trade, factory orders and job openings data, all for September, will not be released due to the government shutdown.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1481 from 1.1520 at the Monday US close and 1.1515 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Dec. 18.

GBP/USD fell to 1.3062 from 1.3139 at the Monday US close and 1.3128 at the same time Monday morning. There are no UK data on Tuesday's schedule, but Bank of England policy board member Sarah Breeden is due to speak at 8:00 am ET. The next Bank of England meeting is scheduled for Thursday, when no change in the interest rate is expected.

USD/JPY fell to 153.5538 from 154.1979 at the Monday US close and 154.1691 at the same time Monday morning. The Bank of Japan's manufacturing purchasing managers' index fell further below its breakeven point in October according to data released overnight. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD rose to 1.4080 from 1.4053 at the Monday US close and 1.4043 at the same time Monday morning. Canadian trade data for September are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Dec. 10.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Economy Roars Back With 3.3% Growth, Shrugging Off Trump Tariffs
US Economy Roars Back With 3.3% Growth, Shrugging Off Trump Tariffs
Aug 28, 2025
The U.S. economy returned to form in the second quarter, growing at a 3.3% annualized pace —a sharp turnaround from the sluggish first quarter, which saw a 0.5% contraction as businesses scrambled to navigate the return of tariffs under President Donald Trump. Thursday's report from the Bureau of Economic Analysis showed the economy not only grew but also slightly outpaced...
US corporate profits rebound in second quarter; GDP growth revised higher
US corporate profits rebound in second quarter; GDP growth revised higher
Aug 28, 2025
WASHINGTON (Reuters) -U.S. corporate profits rebounded in the second quarter, but tariffs on imports are raising costs for businesses, which could limit further gains and hamper economic growth. Profits from current production with inventory valuation and capital consumption adjustments increased $65.5 billion last quarter, the Commerce Department's Bureau of Economic Analysis (BEA) said on Thursday. Profits decreased $90.6 billion in...
Fed Governor Cook sues Trump after he attempted to fire her
Fed Governor Cook sues Trump after he attempted to fire her
Aug 28, 2025
(Reuters) -Federal Reserve Governor Lisa Cook filed a lawsuit on Thursday claiming U.S. President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms for the U.S. central bank's independence. Cook's lawsuit said Trump, a Republican, violated a federal law allowing the president to remove a Fed governor only for...
US pending home sales ease in July
US pending home sales ease in July
Aug 28, 2025
WASHINGTON (Reuters) -Contracts to buy previously owned U.S. homes fell more than expected in July as higher mortgage rates and a slowing labor market sidelined prospective homeowners. The National Association of Realtors said on Thursday pending home sales, based on signed contracts, slipped 0.4% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or...
Copyright 2023-2025 - www.financetom.com All Rights Reserved