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US Dollar Rises Early Tuesday Ahead of Retail Sales, Import Prices, Employment Costs Data

BY MT Newswires | ECONOMIC | 07:39 AM EST

07:39 AM EST, 02/10/2026 (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 of economic data releases, starting with retail sales and import and export price data for December and the employment cost index for Q4, all at 8:30 am ET.

Weekly Redbook same-store sales are due at 8:55 am ET, followed by business inventories data November at 10:00 am ET and an update to the Atlanta Federal Reserve's gross domestic product Nowcast estimate around midday.

Dallas Fed President Lorie Logan is due to speak at 1:00 pm ET and Richmond Fed President Tom Barkin is expected to speak at 5:30 pm ET.

Earlier Tuesday, the National Federation of Independent Business said small business optimism slipped modestly in January due to lower economic expectations, though survey respondents do anticipate an increase in sales.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1906 from 1.1915 at the Monday US close but was up from a level of 1.1869 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for March 19.

GBP/USD fell to 1.3668 from 1.3696 at the Monday US close but was up from 1.3640 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for March 19.

USD/JPY fell to 155.2218 from 155.8809 at the Monday US close and 156.4686 at the same time Monday morning. Japanese year-over-year money supply growth slowed in January compared with the previous month. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.3562 from 1.3559 at the Monday US close but was below a level of 1.3629 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for March 18.

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

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