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US Dollar Falls Early Wednesday Ahead of Busy Economic Data Release Schedule, Fed Speakers

BY MT Newswires | ECONOMIC | 01/14/26 07:41 AM EST

07:41 AM EST, 01/14/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Wednesday ahead of a busy economic data release schedule that starts with the producer price index and retail sales data for November and current account data for Q3, all at 8:30 am ET.

Existing home sales data for December and business inventory data for October are both due to be released at 10:00 am ET.

Weekly EIA oil stocks inventory data are set to be released at 10:30 am ET, at the same time as an appearance by Federal Reserve Governor Stephen Miran, and the Atlanta Fed is expected to update its gross domestic product Nowcast estimate for Q4 around midday.

Atlanta Fed President Raphael Bostic is scheduled to speak at 12:00 pm ET, at the same time as Minneapolis Fed President Neel Kashkari and followed by the Fed's Beige Book at 2:00 pm ET and an appearance by New York Fed President John Williams at 2:10 pm ET.

Earlier Wednesday, the Mortgage Bankers Association reported a decline in average 30-year mortgage rates that sharply lifted mortgage applications in the week ending Jan. 9.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1648 from 1.1646 at the Tuesday US close but was below a level of 1.1669 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for Feb. 5.

GBP/USD rose to 1.3446 from 1.3432 at the Tuesday US close but was below a level of 1.3471 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for Feb. 5.

USD/JPY fell to 158.6895 from 159.1165 at the Tuesday US close and 158.8749 at the same time Tuesday morning. Japanese business sentiment declined in January and Japanese machine tool orders growth slowed in December, according to data released overnight. The next Bank of Japan meeting is scheduled for Jan. 23.

USD/CAD fell to 1.3879 from 1.3883 at the Tuesday US close and 1.3880 at the same time Tuesday morning. The Canadian leading index for December is due to be released at 9:00 am ET, followed by Canadian consumer sentiment data for January at 11:00 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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