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US Dollar Falls Early Tuesday Ahead of Housing Starts, Redbook Data

BY MT Newswires | ECONOMIC | 08/19/25 07:36 AM EDT

07:36 AM EDT, 08/19/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for a small gain versus the Canadian dollar, ahead of the release of home construction data for July at 8:30 am ET and weekly Redbook same-store sales at 8:55 am ET.

State-level employment data for July are due to be released at 10:00 am ET and the Atlanta Federal Reserve is due to update its gross domestic product Nowcast estimate for Q3 around midday.

Fed Vice Chair for Supervision Michelle Bowman is scheduled to speak at 2:10 pm ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1688 from 1.1667 at the Monday US close and 1.1686 at the same time Monday morning. The Eurozone current account surplus widened in June, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3521 from 1.3506 at the Monday US close but was below a level of 1.3545 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY fell to 147.6721 from 147.8375 at the Monday US close but was above a level of 147.4362 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3810 from 1.3805 at the Monday US close and 1.3797 at same time Monday morning. Canadian consumer price index data for July is 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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