Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

US Dollar Falls Early Wednesday Ahead of Producer Prices, Industrial Production, Fed Speeches

BY MT Newswires | ECONOMIC | 07/16/25 07:37 AM EDT

07:37 AM EDT, 07/16/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Wednesday, except for a small gain versus the Canadian dollar, ahead of the release of producer price data for June and services data for July from the New York Federal Reserve, all at 8:30 am ET.

Industrial production data for June is due to be released at 9:15 am ET, weekly EIA crude oil stocks data are due at 10:30 am ET and the Fed's Beige Book report is expected to be released at 2:00 pm ET.

Earlier Wednesday, the Mortgage Bankers Association said mortgage applications fell in the week ended July 11, more than reversing the previous week's gain due to an increase in mortgage rates.

The schedule of Federal Reserve speakers is also full on Wednesday, with Richmond Fed President Tom Barkin speaking at 8:00 am ET, followed by Fed Governor Michael Barr at 10:00 am ET, and New York Fed President John Williams at 6:30 pm ET.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1620 from 1.1600 at the Tuesday US close but was below a level of 1.1684 at the same time Tuesday morning. The Eurozone trade surplus widened more that expected in May, according to data released earlier Wednesday. The next European Central Bank meeting is scheduled for July 24.

GBP/USD rose to 1.3407 from 1.3386 at the Tuesday US close but down from a level of 1.3453 at the same time Tuesday morning. UK consumer prices rose more than expected in June, lifting the year-over-year rates, according to data released overnight. The next Bank of England meeting is scheduled for Aug. 7.

USD/JPY fell to 148.6615 from 148.8559 at the Tuesday US close but was above a level of 147.7918 at the same time Tuesday morning. Japanese business confidence improved modestly in July according to data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose slightly to 1.3723 from 1.3722 at the Tuesday US close and was above a level of 1.3682 at the same time Tuesday morning. Canadian housing starts data for June are due to be released at 8:15 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.

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article