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US Dollar Mixed Early Tuesday Ahead of July Consumer Inflation Data

BY MT Newswires | ECONOMIC | 08/12/25 07:37 AM EDT

07:37 AM EDT, 08/12/2025 (MT Newswires) -- The US dollar was mixed against its major trading partners early Tuesday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of the release of consumer price index data for July at 8:30 am ET.

Weekly Redbook same-store sales are due to be released at 8:55 am ET, followed by appearances by Richmond Federal Reserve President Tom Barkin at 10:00 am ET and Kansas City Fed President Jeffrey Schmid at 10:30 am ET.

The US Treasury's is set to release its budget statement for July at 2:00 pm ET.

Earlier Tuesday, the National Federation of Independent Business' small business sentiment reading for July rose to its highest point since February 2025 due to a more optimistic outlook for economic growth, capital outlays and expansion plans.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1610 from 1.1604 at the Monday US close but was below a level of 1.1644 at the same time Monday morning. Eurozone economic sentiment declined in August, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3455 from 1.3427 at the Monday US close and 1.3446 at the same time Monday morning. UK overall average earnings growth slowed in June while jobless claims fell further in July, according to data released overnight. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 148.4688 from 148.2382 at the Monday US close and 147.7772 at the same time Monday morning. Growth in the Japanese money supply accelerated in July, according to data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3796 from 1.3783 at the Monday US close and 1.3772 at the same time Monday morning. Canadian building permits data for June are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.

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

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