"The dollar hovered near a three-month high on Monday, starting November on a firm footing as investors looked ahead to a dense week of US economic data that could influence the Federal Reserve's policy outlook. Yields were slightly higher, with the 10 year note holding above the 4% threshold. The focus now turns to the ISM Manufacturing PMI due later today, expected to edge up slightly from 49.1 to 49.2, while Wednesday's ISM Services survey is forecast to rise from 50 to 51."
"Beyond data, investors will closely monitor speeches from several Fed officials throughout the week for hints on how policymakers interpret recent inflation and employment trends following last week's cautious tone from Chair Jerome Powell. On the geopolitical front, the dollar could also find support after the White House confirmed that China will suspend additional rare-earth export controls and end probes into US semiconductor firms, in exchange for Washington pausing certain tariffs."
The dollar hovered near a three-month high entering November as investors positioned for a busy week of US economic releases that could shape Federal Reserve policy. Treasury yields rose modestly, with the 10-year note holding above 4%. ISM Manufacturing and Services readings are expected to tick up slightly; any improvement in business activity would bolster confidence in the US economy and support the dollar and yields. Fed officials' speeches will be watched for clues on how policymakers interpret recent inflation and employment trends. Easing US-China trade measures, including a suspension of additional rare-earth export controls and a pause on certain tariffs, could further underpin the dollar.
Read at London Business News | Londonlovesbusiness.com
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