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US Dollar Falls Early Tuesday Ahead of Consumer Price Index, Empire State Manufacturing Survey, Fed Appearances

BY MT Newswires | ECONOMIC | 07/15/25 07:46 AM EDT

07:46 AM EDT, 07/15/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for a gain versus the yen, ahead of the release of consumer price index data for June and the New York Federal Reserve's Empire State manufacturing survey for July, both at 8:30 am ET.

Weekly Redbook same-store sales data follow at 8:55 am ET.

Federal Reserve Vice Chair for Supervision Michelle Bowman is due to speak at 9:15 am ET and Fed Governor Michael Barr is scheduled to speak at 12:45 pm ET.

Richmond Fed President Tom Barkin is due to appear at 1:00 pm ET, followed by Boston Fed President Susan Collins at 2:45 pm ET and Dallas Fed President Lorie Logan at 7:45 pm ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1677 from 1.1668 at the Monday US close but was below a level of 1.1695 at the same time Monday morning. Eurozone industrial production rose more than expected in May while Eurozone economic sentiment improved in July, according to data released overnight. The next European Central Bank meeting is scheduled for July 24.

GBP/USD rose to 1.3448 from 1.3427 at the Monday US close but was below a level of 1.3487 at the same time Monday morning. Therea are no UK data on Tuesday's schedule, but Bank of England Governor Andrew Bailey is due to speak at 4:00 pm ET. The next Bank of England meeting is scheduled for Aug. 7.

USD/JPY rose to 147.9188 from 147.7205 at the Monday US close and 147.2922 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD fell to 1.3685 from 1.3698 at the Monday US close but was above a level of 1.3673 at the same time Monday morning. Canadian housing starts data for June are due to be released at 8:15 am ET, followed by Canadian consumer price data for June and manufacturing and motor vehicle sales for May, all at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 30.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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