3 November 2025, 06:08 USA: Dollar Holds at 3-Month High.
The dollar index held around 99.8 on Monday, hovering at three-month highs as investors weighed trade developments and awaited key economic data. Over the weekend, the White House announced that China would suspend additional export controls on rare earths and end investigations into US semiconductor firms, in exchange for the US pausing certain tariffs and scrapping a planned 100% levy on Chinese exports. The move followed last week’s landmark summit between Presidents Trump and Xi aimed at stabilizing relations. Meanwhile, the prolonged US government shutdown continued to delay the release of major economic reports, including the monthly jobs data. Still, investors will get insights from private indicators this week such as ADP employment, ISM PMIs, and Michigan sentiment. Last week, the Federal Reserve delivered a widely expected 25 bps rate cut, though Chair Powell cautioned that another cut in December is not guaranteed.
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