According to Comerica’s FX commentary dated November 6, 2025, the Canadian dollar has strengthened for five consecutive trading days, marking its longest winning streak in nearly two months. The U.S. dollar, which rebounded sharply at the end of October, is now trading at its best level since August. The commentary notes that the Japanese yen, which had been hovering around \u00a5154 per U.S. dollar, has made a modest recovery.

The report also highlights that yields on 10-year U.S. Treasuries remain above 4%. Following the Bank of England’s decision to leave interest rates unchanged, the British pound dipped before bouncing back. Currencies such as the Australian and New Zealand dollars are moving within recent ranges as markets await upcoming jobs data. A prolonged U.S. government shutdown has left gaps in official economic data, influencing market expectations.

In addition, Challenger’s report showed a significant rise in planned layoffs, with 153,074 job cuts announced in October — a 175% increase compared with the same month last year. With official data missing, the market is paying closer attention to this report. Overall, the foreign exchange market is becoming more volatile amid multiple factors, and investors should closely monitor macroeconomic data and central bank policies.