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US Dollar Rises Early Tuesday; Focus on FOMC Minutes, Q4 Gross Domestic Product Data

BY MT Newswires | ECONOMIC | 02/17/26 07:42 AM EST

07:42 AM EST, 02/17/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday after the long holiday weekend, except for a decline versus the yen, as markets focus on release of the minutes of the Jan. 27-28 Federal Open Market Committee meeting Wednesday and the first look at Q4 gross domestic product data Friday.

Tuesday's data schedule is relatively light, with only the New York Fed's Empire State manufacturing index for February at 8:30 am ET and the National Association of Home Builders' sentiment reading for February at 10:00 am ET. Fed Governor Michael Barr is due to speak at 12:45 pm ET, followed by San Francisco Fed President Mary Daly at 2:30 pm ET.

Wednesday's schedule includes housing starts data for November and December, durable goods orders for December, industrial production for January and the FOMC minutes.

Thursday's highlights include trade data for December, and weekly jobless claims, natural gas stocks inventory and crude oil stocks inventory data.

In addition to the first look at Q4 GDP, Friday's schedule includes personal income, spending and price data for December, flash manufacturing and services PMI readings for February from S&P Global, new home sales for November and December and the final University of Michigan consumer sentiment reading for February.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1830 from 1.1854 at the Monday close and 1.1862 at the same time Monday morning. Eurozone economic sentiment declined in February according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for March 19.

GBP/USD fell to 1.3567 from 1.3631 at the Monday close and 1.3644 at the same time Monday morning. UK employment growth slowed in December while the unemployment rate rose in December and UK jobless claims rose in January. The next Bank of England meeting is scheduled for March 19.

USD/JPY fell to 153.1490 from 153.4815 at the Monday close and 153.3794 at the same time Monday morning. Japanese services business activity rose in December, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.3645 from 1.3636 at the Monday close and 1.3619 at the same time Monday morning. Canadian consumer price index data for January and wholesale sales data for December are due to be released at 8:30 am ET. 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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