The US dollar rose against its major trading partners early Monday as markets look ahead to inflation and retail sales data for July this week.
There are no US data scheduled for release Monday, but surprise appearances by Federal Reserve officials on television networks are possible.
Consumer price index data for July will be the main release Tuesday, along with the National Federation of Independent Business' small business sentiment reading for July, weekly Redbook same-store sales and the Treasury's budget report for July.
Weekly mortgage application and crude oil stock inventories reports are expected Wednesday.
Producer price index data for July are to be released Thursday, along with weekly jobless claims and natural gas stocks inventory data.
Friday's schedule will be the busiest of the week, highlighted by retail sales, import and export and industrial production data for July and manufacturing and consumer sentiment data for August.
A quick summary of foreign exchange activity heading into Monday:
EUR/USD fell slightly to 1.1641 from 1.1642 at the Friday US close and 1.1643 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Sept. 11.
GBP/USD fell to 1.3439 from 1.3448 at the Friday US close and 1.3440 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Sept. 18.
USD/JPY rose to 147.7971 from 147.7803 at the Friday US close and 147.7892 at the same time Friday morning. Monday is a holiday in Japan, so there were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.
USD/CAD rose to 1.3776 from 1.3757 at the Friday US close and 1.3732 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for Sept. 17.
Source: MT Newswires
The US Dollar Index (DXY) continued its strengthening for a second day and briefly hovered around 98.20 during the Asian session, driven by hawkish comments from Kansas City Fed President Jeffrey Schm...
The dollar headed for its worst week since late July on Friday (October 3rd) as the US government shutdown heightened uncertainty, while the yen weakened from this week's high as traders considered th...
The dollar weakened near a one-week low on Thursday as traders weighed the impact of the US government shutdown, while poor jobs data raised expectations that the Federal Reserve would cut interest ra...
The U.S. dollar slid to two-week lows against the yen on Wednesday after data showed private-sector jobs in the world's largest economy contracted last month, boosting expectations the Federal Reserve...
The dollar index fell to its lowest level in the session as U.S. corporate payrolls unexpectedly fell in September and traders increased bets on two interest rate cuts by the Federal Reserve this year...
The US Dollar Index (DXY) continued its strengthening for a second day and briefly hovered around 98.20 during the Asian session, driven by hawkish comments from Kansas City Fed President Jeffrey Schmid. He emphasized that the Fed must maintain...
Silver weakened early in the Asian session, hovering near $48.45 after briefly touching a 14-year high. The strengthening US dollar—along with rising US bond yields—made USD-denominated commodities more expensive for overseas buyers, pressuring...
Japanese stocks rise due to growing hopes that newly elected ruling-party leader Sanae Takaichi will take more aggressive fiscal steps to stimulate the economy. Heavy-industry and real-estate stocks lead gains. IHI rises 5.3% and Sumitomo Realty...
Asian stocks surged to new highs, led by Japan's Nikkei 225, which surged more than 4% following the election of pro-stimulus lawmaker Sanae...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...