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US Dollar Falls Early Monday, Focus on August Inflation Data During Fed Quiet Period

BY MT Newswires | ECONOMIC | 09/08/25 07:41 AM EDT

07:41 AM EDT, 09/08/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a gain versus the yen, as the focus turns to August inflation data this week in the absence of appearances by Federal Reserve officials during the quiet period before the Sept. 16-17 FOMC meeting.

Monday's schedule is light, with August inflation expectations data from the New York Fed at 11:00 am ET and consumer credit data for July at 3:00 pm ET.

Tuesday's highlights include the NFIB's small business optimism index and weekly Redbook same-store sales.

Producer price data for August and wholesale inventories data for July are due to be released on Wednesday before weekly petroleum stocks.

The consumer price report for August and weekly jobless claims and natural gas stocks data are the key releases on Thursday.

The preliminary University of Michigan sentiment reading for September is expected to be released on Friday.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1727 from 1.1718 at the Friday US close and 1.1690 at the same time Friday morning. Eurozone investor confidence declined further in September, data released earlier Monday showed. The next European Central Bank meeting is scheduled for Thursday, when no change in interest rates is expected.

GBP/USD rose to 1.3527 from 1.3506 at the Friday US close and 1.3482 at the same time Friday US close. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 147.7852 from 147.4781 at the Friday US close but was below a level of 148.2212 at the same time Friday morning. The dollar was lifted versus the yen by the resignation of Japanese Prime Minister Shigeru Ishiba, though Japanese GDP rose more than expected in Q2 data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD fell to 1.3802 from 1.3843 at the Friday US close but was above a level of 1.3796 at the same time Friday morning. There are no Canadian data on Monday's schedule. 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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