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US Dollar Rises Early Wednesday Ahead of August Trade Data, Oil Stocks Inventory Data, FOMC Minutes
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US Dollar Rises Early Wednesday Ahead of August Trade Data, Oil Stocks Inventory Data, FOMC Minutes
Nov 19, 2025 5:18 AM

07:49 AM EST, 11/19/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the euro, ahead of delayed release of international trade data for August at 8:30 am ET and weekly oil stocks inventory data at 10:30 am ET.

Fed Governor Stephen Miran is due to speak at 10:00 am ET, followed by Richmond Fed President Tom Barkin at 12:45 pm ET and minutes of the Oct. 28-29 Federal Open Market Committee meeting at 2:00 pm ET, at the same time as an appearance by New York Federal Reserve President John Williams.

The Mortgage Bankers Association said earlier Wednesday that mortgage applications decreased in the week ended Nov. 14 due to a third straight weekly increase in mortgage rates.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1586 from 1.1581 at the Tuesday US close but was below a level of 1.1589 at the same time Tuesday morning. Eurozone consumer prices rose faster in October than in the previous month, but the year-over-year rate slowed and the year-over-year rate for the core was in line with the previous month, according to data released earlier Wednesday. The next European Central Bank meeting is scheduled for Dec. 18.

GBP/USD fell to 1.3125 from 1.3146 at the Tuesday US close and 1.3147 at the same time Tuesday morning. UK consumer prices surged in October but the year-over-year rates for both the overall and core readings slowed from September, according to data released overnight. The next Bank of England meeting is scheduled for Dec. 18.

USD/JPY rose to 156.1584 from 155.5328 at the Tuesday US close and 155.3616 at the same time Tuesday morning. Japanese core machinery orders rebounded in September from a decline in the previous month, according to data released overnight. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD rose to 1.4004 from 1.3980 at the Tuesday US close but was below a level of 1.4028 at the same time Tuesday morning. There are no Canadian data on Wednesday's schedule. The next Bank of Canada meeting is scheduled for Dec. 10.

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