The US dollar faces a mixed outlook for November 2026. September inflation of 3.7% may support interest rate expectations, while employment growth of just 29,000 raises concerns about economic momentum. Upcoming US economic releases, the midterm elections and expectations for the Federal Reserve's December decision could influence the dollar against major currencies.
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The monthly USD outlook will be shaped by inflation, employment conditions, consumer spending and expectations for the Federal Reserve's December interest rate decision. Political developments and diverging monetary policy expectations across major economies may also influence the dollar's relative performance, creating different outcomes across currency pairs.
November's inflation releases will provide further evidence of whether US price pressures are broadening or beginning to ease. Persistent inflation could reinforce expectations that the Federal Reserve will maintain restrictive interest rates, lending support to the dollar. Softer inflation would strengthen the case for monetary easing and could weigh on USD..
Further moderation in hiring or wage growth could increase expectations for a December Federal Reserve rate cut, reducing support for the dollar. Conversely, stronger employment figures would suggest greater resilience in the US economy, potentially limiting expectations for near-term monetary easing and supporting USD.
The November 3 midterm elections could alter market expectations for government spending, taxation and trade policy. Changes in congressional control may influence US Treasury yields and the dollar's relative attractiveness. Political uncertainty could contribute to exchange rate volatility, while greater clarity on the fiscal and trade policy outlook may help stabilize market sentiment.
Consumer spending will remain an important indicator of US economic resilience in November. Stronger retail sales and personal spending could reinforce growth expectations, reduce pressure for near-term interest rate cuts and support US dollar strength. Weaker consumption would raise concerns about slowing domestic demand and could weigh on the currency.
Diverging monetary policy expectations may produce uneven movements across major currency pairs. A restrictive Reserve Bank of Australia stance could support AUD, while weaker European economic growth may favour USD against EUR. Japanese monetary policy developments and changes in global risk sentiment will also influence the dollar's performance.
The US interest rate forecast for December will be shaped by the Federal Reserve's October policy guidance and incoming November economic data. Persistent inflation could reinforce expectations for elevated interest rates and support USD, while evidence of weaker employment conditions may increase expectations for policy easing. Changes in the anticipated rate path could influence the dollar's performance against major currencies.
The US dollar outlook for November 2026 will vary across major currency pairs as inflation, employment data, economic growth and central bank policy expectations influence exchange rates. Explore the individual forecasts for USD/CAD, EUR/USD, GBP/USD and USD/JPY below to understand the key market drivers, potential currency movements and expected trading ranges for the month.
The US dollar's performance against the euro will remain sensitive to differences in American and eurozone economic conditions. Persistent US inflation may continue to support the dollar through interest rate expectations, while weaker European growth and fiscal concerns could constrain the euro.
Stronger eurozone activity or a more restrictive European Central Bank outlook could, however, limit further USD gains. EUR/USD has recorded a three-month change of -2.76% and a year-to-date movement of -4.73%. The nearest available forecast projects 1.1230 for Nov 2026.
The EUR/USD exchange rate currently stands at 1.1191, with an expected range of 1.1066 to 1.1320 this month. The latest forecast projects 1.1267 for Jan 2027.
Stronger US economic data could push the exchange rate lower, while improving European conditions or softer American inflation may support the euro.
The pair will respond to changes in economic growth and interest rate expectations on both sides of the Atlantic. Relative US economic resilience could favour USD, while stronger European activity or signs of slowing US growth may support EUR.
US employment and inflation releases could influence Federal Reserve expectations, while European economic data may affect the ECB's monetary policy outlook.
EUR Events
USD Events
Review historical EUR/USD rates to understand how the dollar has performed against the euro. Monthly closing rates and historical trading ranges help identify broader currency trends.
The EUR/USD exchange rate currently stands at 1.1191, recording a change of -0.55% over the trailing 30 days. Over the past three months, the pair has changed by -2.76%, while its year-to-date movement stands at -4.73%.
A decline in EUR/USD indicates relative US dollar strength, while an increase suggests the euro has gained value against USD.
October 2026 provides a benchmark for assessing movements in November 2026. Comparing previous closing rates with current exchange rate activity helps identify whether USD has maintained its recent strength or the euro has recovered.
- Highest rate: 1 USD = 0.8961 EUR. At this peak, it cost 1.1159 USD to buy 1 EUR.
- Lowest rate: 1 USD = 0.8922 EUR. At this lowest point, the inverse rate reached 1.1208 USD per EUR.
At the latest available rate, 1 EUR equals 1.1191 USD, with EUR/USD recording a year-to-date movement of -4.73%.
Historical monthly closing rates provide a broader view of the pair's performance throughout 2026, including its average rate, highest and lowest closing values, and overall direction.
Explore EUR/USD monthly closing rates and historical exchange rate trends. The table provides a month-by-month breakdown, while the chart highlights year-to-date performance and percentage changes over the past one and three months.
EUR/USD Monthly Closing Trend - YTD
The GBP/USD forecast for November 2026 reflects a balance between UK interest rate expectations and continued support for the US dollar. The Bank of England's November policy decision will be important for sterling, while persistent US inflation and Federal Reserve policy expectations may limit gains in the pound.
UK growth prospects and fiscal conditions will also influence the pound to dollar forecast. A more restrictive Bank of England outlook could support sterling, although weaker economic activity may constrain its recovery. GBP/USD has recorded a three-month change of -0.09% and a year-to-date movement of -0.30%. The nearest available forecast projects 1.3395 for Nov 2026.
The GBP/USD exchange rate currently stands at 1.3415, with an expected range of 1.3262 to 1.3567 this month. The latest forecast projects 1.3127 for Jan 2027.
The Bank of England's policy decision, UK economic releases and American inflation data could create additional volatility throughout November.
Sterling's direction will depend on the Bank of England's assessment of inflation and economic growth, alongside changes in Federal Reserve expectations. Weaker British economic activity could favour USD, while a more restrictive UK policy outlook may support GBP.
The Bank of England's November decision will provide guidance on UK interest rates, while inflation and economic growth reports will help determine whether sterling can maintain its value against USD.
GBP Events
USD Events
Review historical GBP/USD rates to assess changes in the dollar's value against sterling. Monthly closing rates and longer-term trends provide context for currency movements.
The GBP/USD exchange rate currently stands at 1.3415, recording a change of +1.34% over the trailing 30 days. Over the past three months, the pair has changed by -0.09%, while its year-to-date movement stands at -0.30%.
A lower exchange rate means fewer US dollars are needed to buy one pound, indicating relative USD strength. A higher rate suggests sterling has gained ground against the dollar.
October 2026 provides a reference point for evaluating dollar movements against sterling in November 2026. Comparing monthly closing rates helps determine whether USD has strengthened or GBP has recovered.
- Highest rate: 1 USD = 0.7468 GBP. At this peak, it cost 1.3390 USD to buy 1 GBP.
- Lowest rate: 1 USD = 0.7445 GBP. At this lowest point, the inverse rate reached 1.3432 USD per GBP.
At the latest available rate, 1 GBP equals 1.3415 USD, with GBP/USD recording a year-to-date movement of -0.30%.
Historical monthly closing rates provide a broader view of the pair's performance throughout 2026, including average values, highest and lowest closing rates, and overall direction.
Explore GBP/USD monthly closing rates and historical exchange rate trends. The table provides a month-by-month breakdown, while the chart highlights year-to-date performance and percentage changes over the past one and three months.
GBP/USD Monthly Closing Trend - YTD
The USD/JPY forecast for November 2026 will remain sensitive to the interest rate differential between the United States and Japan. The Bank of Japan's commitment to further monetary tightening could support the yen, although relatively elevated US interest rates may continue to favour the dollar.
Japanese inflation trends, domestic wage growth and changing expectations for the Federal Reserve will influence the US dollar to Japanese yen forecast. A narrowing interest rate gap could support JPY, while continued US economic resilience may limit yen appreciation. USD/JPY has recorded a three-month change of +1.00% and a year-to-date movement of +1.19%. The nearest available forecast projects 157.29 for Nov 2026.
The USD/JPY exchange rate currently stands at 158.72, with an expected range of 156.17 to 160.36 this month. The latest forecast projects 154.33 for Jan 2027.
Changes in interest rate expectations, Japanese inflation and investor demand for safer assets could influence the pair throughout November 2026.
The exchange rate may rise if US economic data supports relatively high interest rates or Japanese monetary tightening expectations ease. Conversely, stronger Japanese inflation or increased expectations for Federal Reserve easing could strengthen JPY.
Japanese GDP and inflation figures will be important for assessing the Bank of Japan's policy direction. US employment and inflation releases may also affect the pair through changes in Federal Reserve expectations.
USD Events
JPY Events
Review historical USD/JPY rates to understand changes in the dollar's value against the yen. Monthly closing rates and historical trading ranges can help identify longer-term trends.
The USD/JPY exchange rate currently stands at 158.72, recording a change of +0.57% over the trailing 30 days. Over the past three months, the pair has changed by +1.00%, while its year-to-date movement stands at +1.19%.
A higher exchange rate means one US dollar buys more Japanese yen, while a decline indicates relative yen strength.
October 2026 provides a benchmark for evaluating exchange rate movements in November 2026. Comparing recent trading activity with previous monthly closing rates helps determine whether the dollar has maintained its strength or the yen has recovered.
The highest and lowest USD to JPY mid-market exchange rates recorded during October 2026 should be displayed below, alongside their inverse USD/JPY values.
- Highest rate: 1 JPY = 0.0063 USD. At this peak, it cost 157.51 JPY to buy 1 USD.
- Lowest rate: 1 JPY = 0.0063 USD. At this lowest point, the inverse rate reached 158.77 JPY per USD.
At the latest available rate, 1 USD equals 158.72 JPY, with USD/JPY recording a year-to-date movement of +1.19%.
Historical monthly closing rates provide a broader view of the dollar's performance against JPY throughout 2026, including average rates, highest and lowest closing values, and overall direction.
Explore USD/JPY monthly closing rates and historical exchange rate trends. The table provides a month-by-month breakdown, while the chart highlights year-to-date performance and percentage changes over the past one and three months.
USD/JPY Monthly Closing Trend - YTD
The USD/CAD forecast for November 2026 reflects diverging economic conditions and monetary policy expectations in Canada and the United States. The Bank of Canada's October interest rate increase could provide support to the Canadian dollar, while the Federal Reserve's restrictive policy stance may continue to underpin USD.
Canadian economic growth, oil prices and trade uncertainty will also influence the USD to CAD forecast. Stronger domestic activity and firm energy prices could support CAD, although renewed trade concerns and US dollar strength may limit its gains. USD/CAD has recorded a three-month change of -0.29% and a year-to-date movement of +2.06%. The nearest available forecast projects 1.4087 for Nov 2026.
The USD/CAD exchange rate currently stands at 1.4004, with an expected range of 1.3811 to 1.4145 this month. The latest forecast projects 1.3904 for Jan 2027.
A move towards the upper end would indicate relative US dollar strength, while a decline towards the lower end would suggest CAD gaining ground. US economic releases and changes in interest rate expectations could influence where the pair trades.
Strong American economic data could reinforce demand for USD, particularly if it reduces expectations for Federal Reserve easing. Conversely, softer US inflation or further employment weakness may put pressure on the dollar. Canadian economic surprises could amplify or offset these movements.
US labour market and inflation reports could shift Federal Reserve expectations, while Canadian employment, CPI and GDP data will influence the direction of domestic monetary policy.
USD Events
CAD Events
Review historical USD/CAD rates to understand how the dollar has performed against the Canadian dollar. Monthly trading ranges, closing rates and longer-term trends help identify periods of appreciation and depreciation.
The USD/CAD exchange rate currently stands at 1.4004, recording a change of -1.71% over the trailing 30 days. Over the past three months, the pair has changed by -0.29%, while its year-to-date movement stands at +2.06%.
A rising exchange rate indicates that the dollar is gaining value against CAD, while a decline suggests the Canadian dollar has strengthened.
October 2026 provides a reference point for assessing movements in November 2026. Comparing the previous month's closing rate with the latest available rate helps identify whether USD has extended its earlier gains or reversed direction.
Month-over-month changes based on closing rates can be confirmed once the current month has ended.
The highest and lowest CAD to USD mid-market exchange rates recorded during November 2026 is displayed below, alongside their inverse USD/CAD values.
- Highest rate: 1 CAD = 0.7168 USD. At this peak, it cost 1.3950 CAD to buy 1 USD.
- Lowest rate: 1 CAD = 0.7140 USD. At this lowest point, the inverse rate reached 1.4005 CAD per USD.
At the latest available rate, 1 USD equals 1.4004 CAD, with USD/CAD recording a year-to-date movement of +2.06%.
Historical monthly closing rates show how the dollar's value against CAD has changed throughout 2026, including its highest and lowest closing values and overall direction.
Explore USD/CAD monthly closing rates and historical exchange rate trends. The table provides a month-by-month breakdown, while the chart highlights year-to-date performance and percentage changes over the past one and three months.
USD/CAD Monthly Closing Trend - YTD
The USD/CHF forecast for November 2026 will depend on US interest rate expectations and demand for the Swiss franc as a safe-haven currency. The Federal Reserve's restrictive policy stance may support the dollar, although geopolitical uncertainty and financial market volatility could strengthen CHF.
Swiss National Bank policy will also influence the US dollar to Swiss franc forecast. Low Swiss interest rates may favour USD through the interest rate differential, while increased demand for defensive currencies could limit dollar gains. USD/CHF has recorded a three-month change of +1.38% and a year-to-date movement of +3.52%. The nearest available forecast projects 0.8226 for Nov 2026.
The USD/CHF exchange rate currently stands at 0.8210, with an expected range of 0.8067 to 0.8299 this month. The latest forecast projects 0.8417 for Jan 2027.
US monetary policy expectations, Swiss inflation and changes in investor sentiment could influence the pair throughout November.
The exchange rate may rise if US economic data reinforces the dollar's interest rate advantage. However, heightened financial market uncertainty could increase demand for CHF, potentially putting downward pressure on the pair.
Swiss inflation and economic growth reports will provide insights into domestic monetary policy expectations, while US economic releases could influence USD through changes in Federal Reserve policy expectations.
USD Events
CHF Events
Review historical USD/CHF rates to understand how the dollar has performed against the Swiss franc. Compare monthly closing rates and longer-term trends to identify changes in the pair.
The USD/CHF exchange rate currently stands at 0.8210, recording a change of -0.90% over the trailing 30 days. Over the past three months, the pair has changed by +1.38%, while its year-to-date movement stands at +3.52%.
A rise in USD/CHF indicates relative US dollar strength, while a decline suggests the Swiss franc has gained value against USD.
October 2026 provides a benchmark for evaluating exchange rate movements in November 2026. Comparing previous closing rates with current market activity helps determine whether USD has maintained its strength or CHF has gained ground.
The highest and lowest USD to CHF mid-market exchange rates recorded during October 2026 should be displayed below, alongside their inverse USD/CHF values.
- Highest rate: 1 CHF = 1.2272 USD. At this peak, it cost 0.8149 CHF to buy 1 USD.
- Lowest rate: 1 CHF = 1.2140 USD. At this lowest point, the inverse rate reached 0.8237 CHF per USD.
At the latest available rate, 1 USD equals 0.8210 CHF, with USD/CHF recording a year-to-date movement of +3.52%.
Historical monthly closing rates provide a broader view of the pair's performance throughout 2026, including average values, highest and lowest closing rates, and overall direction.
Explore USD/CHF monthly closing rates and historical exchange rate trends. The table provides a month-by-month breakdown, while the chart highlights year-to-date performance and percentage changes over the past one and three months.
USD/CHF Monthly Closing Trend - YTD
The USD/CNY forecast for November 2026 will reflect differences in US and Chinese economic conditions, alongside monetary policy and trade developments. China's export performance and domestic demand will remain important influences on the yuan, while relatively elevated US interest rates could support USD.
The People's Bank of China's exchange rate management and policy guidance will also shape the US dollar to Chinese yuan forecast. Improving Chinese economic activity could support CNY, although trade uncertainty and capital flow developments may limit its appreciation. USD/CNY has recorded a three-month change of -1.22% and a year-to-date movement of -4.62%. The nearest available forecast projects 6.6287 for Nov 2026.
The USD/CNY exchange rate currently stands at 6.6696, with an expected range of 6.5710 to 6.7427 this month. The latest forecast projects 6.6333 for Jan 2027.
Chinese economic activity, monetary policy decisions and US interest rate expectations could influence the pair throughout November.
The exchange rate may rise if US economic conditions remain resilient or Chinese monetary easing puts pressure on CNY. Stronger Chinese growth, improving capital flows or yuan-supportive policy measures could move the pair lower.
Chinese inflation, industrial production and retail sales releases will provide insights into domestic economic conditions. Monetary policy developments and US economic data could also influence the exchange rate.
USD Events
CNY Events
Review historical USD/CNY rates to understand how the dollar has performed against the Chinese yuan. Monthly closing rates, trading ranges and longer-term movements provide context for the pair's direction.
The USD/CNY exchange rate currently stands at 6.6696, recording a change of -0.51% over the trailing 30 days. Over the past three months, the pair has changed by -1.22%, while its year-to-date movement stands at -4.62%.
A higher USD/CNY rate means the dollar buys more Chinese yuan, while a lower rate indicates relative CNY strength.
October 2026 provides a benchmark for assessing exchange rate movements in November 2026. Comparing the previous month's closing rate with current trading activity helps identify whether the dollar has strengthened or the yuan has recovered.
The highest and lowest USD to CNY mid-market exchange rates recorded during October 2026 should be displayed below, alongside their inverse USD/CNY values.
- Highest rate: 1 CNY = 0.1507 USD. At this peak, it cost 6.6374 CNY to buy 1 USD.
- Lowest rate: 1 CNY = 0.1498 USD. At this lowest point, the inverse rate reached 6.6759 CNY per USD.
At the latest available rate, 1 USD equals 6.6696 CNY, with USD/CNY recording a year-to-date movement of -4.62%.
Historical monthly closing rates provide a broader picture of the pair's performance throughout 2026, including average values, highest and lowest closing rates, and overall direction.
Explore USD/CNY monthly closing rates and historical exchange rate trends. The table provides a month-by-month breakdown, while the chart highlights year-to-date performance and percentage changes over the past one and three months.
USD/CNY Monthly Closing Trend - YTD
The AUD/USD forecast for November 2026 will depend on Reserve Bank of Australia policy expectations, Chinese economic activity and global commodity markets. Elevated Australian inflation may support expectations for restrictive monetary policy, potentially strengthening AUD against the US dollar.
The RBA's November interest rate decision will be an important catalyst for the Australian dollar to US dollar forecast. Stronger Chinese demand and resilient commodity prices could support AUD, while persistent US inflation and cautious global risk sentiment may favour USD. AUD/USD has recorded a three-month change of -0.49% and a year-to-date movement of +4.37%. The nearest available forecast projects 0.6966 for Nov 2026.
The AUD/USD exchange rate currently stands at 0.6965, with an expected range of 0.6894 to 0.7076 this month. The latest forecast projects 0.7033 for Jan 2027.
A decline towards the lower end would indicate relative US dollar strength, while a rise towards the upper end could suggest AUD is gaining ground.
Australian interest rate expectations and commodity demand will be important influences. A restrictive RBA outlook or stronger Chinese economic activity could support AUD, while resilient US economic data or weaker global demand may favour USD.
The RBA's policy decision will provide guidance on Australian interest rates, while wages, employment and inflation figures will offer further insight into domestic economic conditions.
AUD Events
USD Events
Review historical AUD/USD rates to understand how the dollar has performed against the Chinese yuan. Monthly closing rates, trading ranges and longer-term movements provide context for the pair's direction.
The AUD/USD exchange rate currently stands at 0.6965, recording a change of +0.16% over the trailing 30 days. Over the past three months, the pair has changed by -0.49%, while its year-to-date movement stands at +4.37%.
A decline in AUD/USD indicates relative US dollar strength, while an increase suggests the Australian dollar has gained ground.
October 2026 provides a reference point for assessing exchange rate movements in November 2026. Comparing recent changes with the previous month's closing rate helps determine whether USD has strengthened or AUD has extended its gains.
The highest and lowest USD to AUD mid-market exchange rates recorded during October 2026 should be displayed below, alongside their inverse AUD/USD values.
- Highest rate: 1 USD = 1.4359 AUD. At this peak, it cost 0.6964 USD to buy 1 AUD.
- Lowest rate: 1 USD = 1.4223 AUD. At this lowest point, the inverse rate reached 0.7031 USD per AUD.
At the latest available rate, 1 AUD equals 0.6965 USD, with AUD/USD recording a year-to-date movement of +4.37%.
Historical monthly closing rates provide a broader view of the pair's performance throughout 2026, including its average rate, highest and lowest closing values, and overall direction.
Explore AUD/USD monthly closing rates and historical exchange rate trends. The table provides a month-by-month breakdown, while the chart highlights year-to-date performance and percentage changes over the past one and three months.
AUD/USD Monthly Closing Trend - YTD
Compare how much EUR your USD could buy at today’s indicative rate and across this month’s projected USD/EUR range.
Today’s mid-market rate: 1 USD = 0.8936 EUR / 1 EUR = 1.1191 USD
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A higher USD/EUR rate gives you more EUR for the same USD amount.
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Indicative estimates for planning purposes only. Actual MTFX customer rates and fees may vary. Monthly forecast rates are not guaranteed.
Monthly US economic events and central bank decisions selected by the CMS economic filter
| Date | Time (ET) | Event | Impact |
|---|---|---|---|
| Nov 3 | 3:00 PM |  JOLTs Job Openings (Sep) | High |
| Nov 3 | 3:00 PM | Factory Orders MoM (Sep) | Medium |
| Nov 4 | 1:15 PM | ADP Employment Change (Oct) | High |
| Nov 4 | 1:30 PM |  Balance of Trade (Oct) | Medium |
| Nov 4 | 1:30 PM | Balance of Trade (Sep) | Medium |
| Nov 4 | 1:30 PM | Imports (Sep) | Medium |
| Nov 4 | 3:00 PM | ISM Services PMI (Oct) | High |
| Nov 5 | 1:30 PM | Continuing Jobless Claims (Oct/24) | High |
| Nov 5 | 1:30 PM | Jobless Claims 4-Week Average (Oct/31) | High |
| Nov 5 | 1:30 PM | Initial Jobless Claims (Oct/31) | High |
| Nov 5 | 1:30 PM | Nonfarm Productivity QoQ (Q3) | Medium |
| Nov 5 | 1:50 PM | Fed Hammack Speech | Medium |
| Nov 5 | 2:10 PM | Fed Barkin Speech | Medium |
| Nov 6 | 12:00 AM | Fed Logan Speech | Medium |
| Nov 6 | 9:30 AM | Fed Williams Speech | Medium |
| Nov 6 | 1:30 PM | Average Hourly Earnings YoY (Oct) | Medium |
| Nov 6 | 1:30 PM | Unemployment Rate (Oct) | High |
| Nov 6 | 1:30 PM | Participation Rate (Oct) | Medium |
| Nov 6 | 1:30 PM | Full Time Employment Chg (Oct) | Medium |
| Nov 6 | 1:30 PM | Employment Change (Oct) | High |
| Nov 6 | 1:30 PM | Part Time Employment Chg (Oct) | Medium |
| Nov 6 | 1:30 PM | U-6 Unemployment Rate (Oct) | High |
| Nov 6 | 1:30 PM | Nonfarm Payrolls Private (Oct) | High |
| Nov 6 | 1:30 PM | Average Hourly Earnings MoM (Oct) | Medium |
| Nov 6 | 1:30 PM | Non Farm Payrolls (Oct) | High |
| Nov 6 | 2:10 PM | Fed Musalem Speech | Medium |
| Nov 6 | 3:00 PM | Ivey PMI (Oct) | High |
| Nov 6 | 3:00 PM | Michigan Consumer Sentiment (Nov) | High |
| Nov 6 | 5:15 PM | Fed Bowman Speech | Medium |
| Nov 9 | 3:00 PM | Fed Goolsbee Speech | Medium |
| Nov 10 | 1:30 PM | CPI s.a (Oct) | Medium |
| Nov 10 | 1:30 PM | Inflation Rate YoY (Oct) | High |
| Nov 10 | 1:30 PM | Core Inflation Rate MoM (Oct) | High |
| Nov 10 | 1:30 PM | Core Inflation Rate YoY (Oct) | High |
| Nov 10 | 1:30 PM | Inflation Rate MoM (Oct) | High |
| Nov 10 | 1:30 PM | Inflation Rate (Oct) | Medium |
| Nov 10 | 4:00 PM | WASDE Report | Medium |
| Nov 11 | 10:00 AM | OPEC Monthly Report | Medium |
| Nov 11 | 7:00 PM | Budget Balance (Oct) | Medium |
| Nov 12 | 1:30 PM | Initial Jobless Claims (Nov/07) | High |
| Nov 12 | 1:30 PM | Jobless Claims 4-Week Average (Nov/07) | High |
| Nov 12 | 1:30 PM | Continuing Jobless Claims (Oct/31) | High |
| Nov 13 | 1:30 PM | Core PPI MoM (Oct) | Medium |
| Nov 16 | 1:30 PM | Trimmed CPI YoY (Oct) | High |
| Nov 16 | 1:30 PM | Common CPI YoY (Oct) | High |
| Nov 16 | 1:30 PM | Core Inflation Rate YoY (Oct) | Medium |
| Nov 16 | 1:30 PM | Median CPI YoY (Oct) | High |
| Nov 16 | 1:30 PM | Inflation Rate YoY (Oct) | High |
| Nov 16 | 1:30 PM | Inflation Rate MoM (Oct) | Medium |
| Nov 17 | 1:15 PM | Housing Starts (Oct) | Medium |
| Nov 17 | 1:30 PM | Import Prices MoM (Oct) | Medium |
| Nov 17 | 1:30 PM | Retail Sales MoM (Oct) | High |
| Nov 17 | 1:30 PM | Retail Sales Control Group MoM (Oct) | Medium |
| Nov 17 | 2:15 PM | Industrial Production MoM (Oct) | Medium |
| Nov 17 | 3:00 PM | Business Inventories MoM (Sep) | Medium |
| Nov 18 | 1:30 PM | Housing Starts (Oct) | Medium |
| Nov 18 | 1:30 PM | Building Permits (Oct) | Medium |
| Nov 18 | 3:00 PM | Pending Home Sales YoY (Oct) | Medium |
| Nov 18 | 3:00 PM | Pending Home Sales MoM (Oct) | Medium |
| Nov 18 | 7:00 PM | FOMC Minutes | High |
| Nov 18 | 9:00 PM | Net Long-Term TIC Flows (Sep) | Medium |
| Nov 19 | 1:30 PM | Initial Jobless Claims (Nov/14) | Medium |
| Nov 19 | 1:50 PM | Fed Hammack Speech | Medium |
| Nov 20 | 1:30 PM | Retail Sales MoM (Oct) | Medium |
| Nov 23 | 2:45 PM | S&P Global Composite PMI (Nov) | Medium |
| Nov 23 | 2:45 PM | S&P Global Services PMI (Nov) | Medium |
| Nov 23 | 2:45 PM | S&P Global Manufacturing PMI (Nov) | Medium |
| Nov 24 | 2:00 PM | S&P/Case-Shiller Home Price YoY (Sep) | Medium |
| Nov 24 | 3:00 PM | CB Consumer Confidence (Nov) | Medium |
| Nov 25 | 1:30 PM | Durable Goods Orders MoM (Oct) | High |
| Nov 25 | 1:30 PM | Initial Jobless Claims (Nov/21) | Medium |
| Nov 25 | 1:30 PM | Corporate Profits QoQ (Q3) | Medium |
| Nov 25 | 1:30 PM | Personal Income MoM (Oct) | High |
| Nov 25 | 3:00 PM | New Home Sales (Oct) | Medium |
| Nov 25 | 3:00 PM | New Home Sales MoM (Oct) | Medium |
| Nov 27 | 1:30 PM | Current Account (Q3) | Medium |
| Nov 27 | 1:30 PM | Goods Trade Balance (Oct) | High |
| Nov 27 | 1:30 PM | Wholesale Inventories MoM (Oct) | Medium |
| Nov 30 | 1:30 PM | Gross Domestic Product MoM (Oct) | Medium |
| Nov 30 | 1:30 PM | GDP Growth Annualized (Q3) | High |
| Nov 30 | 1:30 PM | GDP Growth Rate QoQ (Q3) | High |
| Nov 30 | 2:45 PM | Chicago PMI (Nov) | Medium |
The US dollar forecast for November 2026 remains mixed, with persistent inflation potentially supporting USD through interest rate expectations. Slower employment growth and economic uncertainty could limit gains. Upcoming US inflation, employment and consumer spending reports will help determine the dollar's direction against major currencies.
The dollar could strengthen if American economic data exceeds expectations or the Federal Reserve maintains restrictive policy guidance. Weaker employment, softer inflation or stronger economic conditions overseas could limit gains.
The USD to CAD forecast for the next six months points to the possibility of a gradual Canadian dollar recovery, although the outlook varies between banks. Interest rate differences, economic growth, trade policy and commodity prices could influence the currency pair through early 2027. Explore MTFX's five-bank USD/CAD forecast comparison for quarterly projections from major Canadian banks.
Expectations for the Federal Reserve's December interest rate decision could influence the US dollar throughout November. Persistent inflation may support higher interest rates and USD strength, while weaker employment could increase expectations for rate cuts. November's economic releases will help shape the market outlook.
The US dollar forecast for the next six months will depend on Federal Reserve policy, inflation, employment and economic growth. The dollar could strengthen against some currencies while weakening against others, as interest rate expectations differ across economies. For a longer-term outlook against CAD, review MTFX's five-bank Canadian dollar forecast, which compares projections extending into 2027.
The USD to CAD forecast for next week will depend on upcoming US and Canadian economic data, Federal Reserve and Bank of Canada interest rate expectations, and market sentiment. For the latest USD/CAD predictions, expected trading range and key market drivers, explore MTFX's weekly FX outlook.
The US dollar's performance over the past month has varied against major currencies, including the Canadian dollar, euro, British pound and Japanese yen. Movements have been influenced by US economic data, Federal Reserve interest rate expectations and global market sentiment. Review the historical exchange rate charts above to see how the dollar has performed against individual currencies.
A monthly average calculated from daily exchange rates differs from an average of monthly closing rates. The historical summary on this page uses the arithmetic average of available monthly closing rates. A month-end rate represents the final recorded closing rate for that month, while a live rate reflects current market pricing. Figures for an unfinished month should be treated as provisional until the final closing rate becomes available.
The long-term Canadian dollar forecast will depend on Canadian and American interest rates, economic growth, trade policy and commodity prices. A reliable Canadian dollar forecast for the next five years is difficult to establish because economic conditions can change significantly. Explore MTFX's five-year CAD/USD historical chart to examine past trends, or review the five-bank Canadian dollar forecast for available shorter-term projections.
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