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US Dollar Rises Early Tuesday Ahead of Philadelphia Fed Nonmanufacturing Index, Redbook Same-Store Sales

BY MT Newswires | ECONOMIC | 10/21/25 07:42 AM EDT

07:42 AM EDT, 10/21/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of the release of nonmanufacturing data from the Philadelphia Federal Reserve at 8:30 am ET and weekly Redbook same-store sales data at 8:55 am ET.

State unemployment data for September will not be released due to the ongoing government shutdown.

Fed Governor Christopher Waller will make opening remarks at a payments conference at 9:00 am ET that are not expected to include any comments on monetary policy or the economy as Fed officials remain in their 'quiet period' ahead of the Oct. 28-29 Federal Open Market Committee meeting.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1621 from 1.1640 at the Monday US close and 1.1654 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3386 from 1.3406 at the Monday US close and 1.3411 at the same time Monday morning. UK public sector borrowing increased in September according to data released overnight. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY rose to 151.8601 from 150.7034 at the Monday US close and 150.7377 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.4048 from 1.4033 at the Monday US close and 1.4032 at the same time Monday morning. Canadian consumer price index data for September are due to be released at 8:30 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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