The U.S. dollar strengthened slightly on Monday as global investors prepared for a busy week of economic releases following the end of the government shutdown. With fresh data finally set to resume after more than 40 days of silence, markets are hoping for clearer signals on the Federal Reserve’s potential rate move in December.
Market reaction to U.S. President Donald Trump’s reversal of planned tariffs on over 200 food products remained limited. Analysts noted the shift was largely expected amid rising cost-of-living pressures, reducing any major surprise factor for traders.
Sterling continued to struggle after a volatile end to last week, driven by intense speculation surrounding the UK government’s upcoming November 26 budget. The British pound slipped 0.11% to $1.3161, extending losses sparked when Finance Minister Rachel Reeves confirmed she would not raise income tax rates. Investors had anticipated a tax increase to help close a significant fiscal gap, and the unexpected stance caused borrowing costs to surge on Friday.
Meanwhile, the safe-haven Swiss franc hovered near a one-month high at 0.7941 per dollar, supported by heightened caution following recent turbulence across global equities. The euro dipped 0.11% to $1.1607, and the Australian and New Zealand dollars also eased slightly during early Asian trading. The U.S. dollar index inched up to 99.37.
This week’s focus centers on the long-awaited September nonfarm payrolls report due Thursday, a release that could shape expectations for a December Fed rate cut. Carol Kong of CBA noted that markets are primed for softer payrolls data, which could revive bets on easing and weaken the dollar.
Despite signs of slowing economic momentum in private-sector indicators, markets have scaled back expectations of a December rate cut, placing the odds at just above 40%. Yet the dollar has struggled to gain momentum as traders unwind long positions ahead of what could be a volatile period for U.S. data.
Elsewhere, the yen hovered near 155 per dollar, with traders monitoring the risk of intervention. Japan’s latest GDP report showed a 1.8% annualized contraction in Q3, reflecting export weakness tied to U.S. trade policies, though the currency reaction remained muted.


Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes
South Korea Factory Activity Hits 18-Month High as Export Demand Surges
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty
China Home Prices Rise in January as Government Signals Stronger Support for Property Market
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 



