US Dollar Falls Early Monday; Focus on Rescheduled Employment Data, Retail Sales, Consumer Prices This Week

08:06 AM EST, 02/09/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Monday as markets turn their attention to rescheduled nonfarm payrolls employment data for January, retail sales data for December and consumer price index data for January this week.

Monday's schedule is light on data, with only the New York Federal Reserve's inflation expectations report for January at 11:00 am ET. However, there are four appearances by Federal Reserve officials, starting with Fed Governor Christopher Waller at 1:30 pm ET, followed by Fed Governor Stephen Miran at 2:30 pm ET, Atlanta Fed President Raphael Bostic at 3:15 pm ET and Miran again at 5:00 pm ET.

Tuesday's highlights include January business sentiment data from the National Federation of Independent Business, employment cost data for Q4, and the retail sales report and import and export price data, all for December.

Nonfarm payrolls employment data for January and weekly mortgage applications and oil stocks data are due to be released Wednesday.

Thursday's highlights include weekly jobless claims, existing home sales data for January and weekly natural gas stocks data are set to be released on Thursday.

Friday's schedule includes rescheduled consumer price data for January and the St. Louis Fed's gross domestic product Nowcast reading for Q4 around midday before the three-day holiday weekend.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1873 from 1.1822 at the Friday US close and 1.1792 at the same time Friday morning. Eurozone investor confidence rebounded in February from a January decline. European Central Bank President Christine Lagarde is due to speak at 11:00 am ET. The next European Central Bank meeting is scheduled for March 19.

GBP/USD rose to 1.3642 from 1.3619 at the Friday US close and 1.3591 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 2:30 pm ET and again at 5:15 pm ET. The next Bank of England meeting is scheduled for March 19.

USD/JPY fell to 156.4012 from 157.1252 at the Friday US close and 157.0411 at the same time Friday morning. The Japanese current account surplus widened in December while Japanese wage income growth accelerated in the same month and Japanese business sentiment declined in January, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD fell to 1.3620 from 1.3655 at the Friday US close and 1.3677 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for March 18.

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