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 Mixed Early Wednesday Ahead of Redbook, Factory Orders, JOLTS, Beige Book

BY MT Newswires | ECONOMIC | 09/03/25 07:52 AM EDT

07:52 AM EDT, 09/03/2025 (MT Newswires) -- The US dollar was mixed against its major trading partners early Wednesday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of the release of weekly Redbook same-store sales at 8:55 am ET.

Factory orders and job openings data for July are due to be released at 10:00 am ET before Federal Reserve events later in the day.

Minneapolis Fed President Neel Kashkari is expected to speak at 1:30 pm ET and the Fed's Beige Book report, a closely watched summary of national economic conditions, is due at 2:00 pm ET.

Earlier Wednesday, the Mortgage Bankers Association said that mortgage activity, specifically for home purchase applications, declined in the week ended Aug. 29 despite a drop in mortgage rates to their lowest point since April.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1646 from 1.1641 at the Tuesday US close and 1.1632 at the same time Tuesday morning. Eurozone services PMI declined more than expected in August while producer prices advanced faster than expected in July, according to data released earlier Wednesday. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3402 from 1.3390 at the Tuesday US close and 1.3372 at the same time Tuesday morning. UK services PMI increased more than expected in August, data released earlier Wednesday showed. Bank of England Governor Andrew Bailey is due to speak at 9:15 am ET. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 148.6627 from 148.3679 at the Tuesday US close and 148.6031 at the same time Tuesday morning. Japanese services PMI improved in August to indicate faster expansion, compared with expectations for no change in the index. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3799 from 1.3785 at the Tuesday US close and 1.3780 at the same time Tuesday morning. Canadian labor productivity data for Q2 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.

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