Dollar edges higher; private sector data in focus By Investing.com
Update: 2025-11-03
Description
The US dollar gained ground as investors turned to private sector data for insights into the American economy, with the dollar index nearing its highest point since August. The Federal Reserve's December rate cut expectations were scaled back, and the euro slipped to a three-month low against the dollar due to sluggish manufacturing numbers in Germany and France. The British pound dipped ahead of the Bank of England's interest rate decision, while the Japanese yen and Chinese yuan saw muted moves. The Australian dollar edged up as traders awaited the Reserve Bank of Australia's decision, setting the stage for another eventful week in global currency markets.
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