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US dollar retreats as investors take profits, Currencies Direct says

By Public Technologies
  • The US dollar retreated on profit-taking at the start of the week, reversing some gains driven by safe-haven demand.
  • Stronger-than-expected US job growth in October cemented bets on a Federal Reserve interest rate hike in December.
  • Sterling could face pressure if Bank of England Governor Andrew Bailey pushes back against hawkish monetary policy expectations.
  • Germany's stronger-than-expected export rebound offered modest support to the euro.
  • A weaker US dollar boosted risk appetite, lifting the Australian dollar during Monday's Asian session.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Currencies Direct Ltd. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.

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