G7 Finance Ministers announced a U.S. Dollar weakening

The U.S. dollar fell in Forex Trading Platforms on Monday after the meeting of finance chiefs from the Group of “Seven wealthy” nations, in which they announced that policy-makers are resigned to a gradually weakening of U.S. dollar. The G7 finance ministers and central bankers, who met in Istanbul, also said that too much foreign exchange volatility tends to threaten economic stability; it is not a wonderful revelation.

Another reason the U.S. dollar decline was the gain in global stock markets and the expansion in the U.S. service sector in September, as economic data showed. It improved risk appetite and decreased safe demand for the US dollar in Forex traders.

Canada's dollar rose against the U.S. dollar on Monday, boosted by higher commodity and equity prices. Investors demanded higher-yielding and theoretically riskier assets; theoretically because all countries in FX trading are developed nations.