At Any Rate Global FX: Dollar oscillates; more fiscal clarity for GBP & CAD
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Nov 7, 2025 Currency dynamics take center stage as experts delve into the factors powering recent dollar strength, including mixed US economic data and tech influences. The volatility of EUR/USD is scrutinized, highlighting its strong growth potential. In the UK, budget speculation stirs fears for sterling, while a tactical shift in sentiment is suggested. Meanwhile, Canada's budget presentation reveals insights into the CAD's outlook amidst market reactions. Tune in for a thrilling exploration of global currency trends!
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US Data Cross‑Currents Drive Dollar Volatility
- US data showed cross-currents with strong ISM and rising layoffs, creating volatile dollar moves.
- The prolonged US government shutdown increases downside risks to the dollar via growing GDP disruption.
Euro Strength Tied To Growth Momentum
- Meera notes that euro's strength is backed by solid European PMI and global pro-cyclical momentum.
- She expects EUR/USD to trade in a range roughly 1.14–1.20 unless clearer US data emerges to sustain a breakout.
Position For A Range Into Year‑End
- Treat EUR/USD moves as range-bound (≈1.14–1.20) absent clearer US growth and labor data.
- Reduce conviction and lower risk exposure into year-end when liquidity thins.