US Dollar Rises Early Monday, Continued Focus on Depleted Data Schedule, Fed Speakers

07:57 AM EDT, 10/13/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, before a week that will be defined by missing data due to the ongoing government shutdown and a full slate of Federal Reserve speakers, including an appearance by Fed Chairman Jerome Powell on Tuesday, before Fed officials enter their 'quiet period' on Saturday.

The International Monetary Fund holds its annual meeting this week, so there will also be appearances by central bank officials throughout the week.

The shutdown continues to impact the scheduling of government-produced data releases. The US Senate has adjourned until Tuesday, so there will be no resolution of the shutdown until after the government holiday.

Monday's schedule is light, with no data releases scheduled.

Tuesday's main event will be Powell's midday speech on the economy and monetary policy, following the National Federaton of Independent Businesses' small business sentiment reading for September and weekly Redbook same-store sales data released earlier in the day.

Wednesday's highlight was meant to be consumer price data for September, but that report has been rescheduled for Oct. 24 to accommodate the calculation of the cost-of-living increase for Social Security done this time every year. Weekly mortgage application data and the New York Federal Reserve's manufacturing index for October will be released on Wednesday.

Thursday's schedule includes the New York Fed's services reading for October, home builder sentiment data for October and weekly natural gas and crude oil stocks data, but will be missing weekly jobless claims, and producer price and retail sales data for September.

Industrial production data for September is due to be released Friday, but housing starts data and import price data for September are likely to be postponed.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.1590 from 1.1610 at the Friday US close but was above a level of 1.1568 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3348 from 1.3350 at the Friday US close but was above a level of 1.3274 at the same time Friday morning. There are no UK data on Monday's schedule but Bank of England policy board member Catherine Mann is due to speak at 3:10 pm ET. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY rose to 152.0440 from 151.6472 at the Friday US close but was below a level of 152.7051 at the same time Friday morning. Monday is a holiday in Japan, so there are no data releases on the schedule. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD fell to 1.3999 from 1.4002 at the Friday US close and 1.4015 at the same time Friday morning. Monday is a holiday in Canada, so there are no economic data scheduled to be released. The next Bank of Canada meeting is scheduled for Oct. 29.

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