US Dollar Falls Early Monday; Powell, Home Sales, Gross Domestic Product Data Key Events This Week

07:45 AM EDT, 09/22/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a gain versus the Canadian dollar, ahead of a busy week of economic data and a return of Federal Reserve officials to the speaking circuit, including Fed Chairman Jerome Powell on Tuesday.

Monday's sole data release is the Chicago Fed's national activity index for August at 8:30 am ET, followed by appearances by New York Fed President John Williams at 9:45 am ET, St. Louis Fed President Alberto Musalem at 10:00 am ET, and Fed Governor Stephen Miran and Richmond Fed President Tom Barkin, both at 12:00 pm ET.

Tuesday's highlights include current account data for Q2, weekly Redbook same-store sales, the flash manufacturing and services reading for September from S&P Global, and Powell's appearance.

New home sales data for August and weekly mortgage applications and crude oil stocks data are due to be released Wednesday.

The third estimate of Q2 gross domestic product growth and benchmark revisions to previous quarters are scheduled to be released Thursday, as well as weekly jobless claims, and durable goods, advance trade data, and existing home sales data, all for August.

Friday's highlights include personal income, spending and price data for August and the final University of Michigan consumer sentiment reading for September.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1772 from 1.1743 at the Friday US close and 1.1754 at the same time Friday morning. Eurozone consumer confidence for September is due to be released at 10:00 am ET. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD rose to 1.3496 from 1.3470 at the Friday US close and 1.1394 at the same time Friday morning. There are no UK data on Monday's schedule, but Bank of England policy board member Huw Pill is due to speak at 9:45 am ET, followed by BoE Governor Andrew Bailey at 2:00 pm ET. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY fell to 147.8861 from 147.9822 at the Friday US close and 147.9981 at the same time Friday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.3806 from 1.3786 at the Friday US close and 1.3804 at the same time Friday morning. Canadian industrial product and raw material price data for August are due to be released at 8:30 am ET. Bank of Canada Senior Deputy Governor Carolyn Rogers is due to speak at 1:15 pm ET, followed by Deputy Governor Sharon Kozicki at 3:45 pm ET. The next Bank of Canada meeting is scheduled for Oct. 29.

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