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US Dollar Rises Early Tuesday; Focus on Powell Speech

BY MT Newswires | ECONOMIC | 10/14/25 07:41 AM EDT

07:41 AM EDT, 10/14/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of a busy day that includes Federal Reserve Chairman Jerome Powell speaking on the economy and monetary policy at 12:20 pm ET.

Fed Vice Chair for Supervision Michelle Bowman is due to speak at 8:45 am ET, followed by release of weekly Redbook same-store sales data at 8:55 am ET.

The International Monetary Fund is due to release its World Economic Outlook update at 9:00 am ET.

After Powell's speech, Fed Governor Christopher Waller is due to speak at 3:25 pm ET, followed by Boston Fed President Susan Collins at 3:30 pm ET.

Earlier Tuesday, the National Federation of Independent Business reported small business optimism declined in September due to a less optimistic economic outlook.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1551 from 1.1567 at the Monday US close and 1.1590 at the same time Monday morning. Eurozone economic sentiment declined in October according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3269 from 1.3331 at the Monday US close and 1.3346 at the same time Monday morning. UK earnings growth slowed in August while the unemployment rate rose in the same month and jobless claims surged in September according to data released overnight. Bank of England Governor Andrew Bailey is due to speak at 1:00 pm ET. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY fell to 152.0580 from 152.3171 at the Monday US close but was above a level of 152.0452 at the same time Monday morning and was on an upward trend. The Japanese money stock increased in September according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.4075 from 1.4037 at the Monday US close and 1.4002 at the same time Monday morning. Canadian building permits data for August are due to be released at 8:30 am ET, followed by an appearance by Bank of Canada Senior Deputy Governor Carolyn Rogers at 11:15 am ET. The next Bank of Canada meeting is scheduled for Oct. 29.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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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.

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