US Dollar Edges Up Against Most Major Currencies

The greenback climbed against the euro and pound as key US economic data faced delays from the government shutdown, while only the yen managed slight gains against it.

What’s going on here?

The US dollar edged higher against most top currencies on Tuesday, with only the Japanese yen managing a slight gain, as missing economic data left traders guessing.

What does this mean?

US government shutdowns have put key economic data releases—including trade, factory orders, and job openings—on hold, giving traders less insight into the economy. Even so, the greenback gained ground against the euro and pound, both of which lacked market-moving news or surprises from policymakers this week. The euro slipped as investors focused on the upcoming European Central Bank meeting in December, while the pound dipped ahead of Thursday’s Bank of England decision, where no major changes are expected. Meanwhile, the dollar softened against the yen after new signs of weakness in Japan’s manufacturing sector. Now, attention is shifting to the next rounds of central bank meetings and data drops, which could set the tone for currency markets as the year wraps up.

Why should I care?

For markets: Uncertainty sets the tone for trading.

With important economic stats missing in action, investors are left navigating without their usual reference points. That means every central bank update or policy remark carries extra weight, potentially stoking more short-term market swings as traders try to anticipate what’s next. As fresh numbers on US consumer sentiment and retail sales loom, markets are tuned in for clues.

The bigger picture: Global decisions hinge on reliable data.

A pause in economic reporting doesn’t just create ripples for currencies—it blurs signals for businesses, policymakers, and investors worldwide. The dollar’s latest moves spotlight how closely global financial confidence is tied to US data and policy clarity. With more policy announcements on the horizon, major economies will be watching for direction on where currencies and global growth might head next.