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US Dollar Falls Early Tuesday Before Q3 GDP, Durable Goods, Philadelphia Fed Services

BY MT Newswires | ECONOMIC | 12/23/25 07:41 AM EST

07:41 AM EST, 12/23/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of a busy release day that includes advance GDP data for Q3, durable goods orders data for October and the Philadelphia Federal Reserve's nonmanufacturing index reading for December, all at 8:30 am ET.

Weekly Redbook same-store sales are due to be released at 8:55 am ET, followed by industrial production data for November at 9:15 am ET and the Richmond Fed's business conditions estimate for December and Conference Board's confidence data for December, both at 10:00 am ET.

The Atlanta Fed is expected to update its GDP nowcast estimate around midday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1798 from 1.1755 at the Monday US close and 1.1733 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Feb. 5.

GBP/USD rose to 1.3509 from 1.3458 at the Monday US close and 1.3441 at the same time Monday morning. UK car registrations rebounded in November after a decline in the prior month, but the year-over-year rate turned negative, data released earlier Tuesday showed. The next Bank of England meeting is scheduled for Feb. 5.

USD/JPY fell to 155.9593 from 156.9980 at the Monday US close and 157.3701 at the same time Monday morning after Japanese Finance Minister Satsuki Katayama said overnight that Japan could act in response to excessive falls in the yen that are not due to economic fundamentals. The next Bank of Japan meeting is scheduled for Jan. 23.

USD/CAD fell to 1.3704 from 1.3753 at the Monday US close and 1.3770 at the same time Monday morning. Canadian GDP data for October and preliminary GDP data for November are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Jan. 28.

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

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