Dollar Little Changed

2025-11-18 11:02 By Joana Taborda 1 min. read

The dollar index stabilised around 99.5 on Tuesday, pausing the modest gains recorded over the previous two sessions, as traders remained cautious and refrained from taking large positions ahead of key economic releases.

The latest Labor Department data showed initial jobless claims at 232K for the week ended October 18, while continuing claims reached 1.957 million, the highest level since August.

US statistical agencies have begun publishing data that was delayed due to the government shutdown, with the jobs report scheduled for Thursday.

Investors are concerned that those figures could limit the Fed’s ability to deliver further rate cuts, especially as many policymakers have expressed scepticism about the need for additional easing.

The market currently assigns roughly a 46% probability of a 25 bps reduction in the federal funds rate next month.

The greenback was largely unchanged across major currencies but traded mostly higher against the Swiss franc and the yen.



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