US Dollar Rises Early Tuesday Ahead of Full Schedule of Economic Releases, Fed Appearances

07:45 AM EST, 02/24/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday before an extremely busy day of economic data releases and appearances by Federal Reserve officials, starting with Chicago Fed President Austan Goolsbee at 8:00 am ET.

The Philadelphia Fed's nonmanufacturing index for February is due to be released at 8:30 am ET, followed by weekly Redbook same-store sales at 8:55 am ET.

December home price data are due to be released at 9:00 am ET, at the same time as appearances by Boston Fed President Susan Collins and Atlanta Fed President Raphael Bostic.

Fed Governor Christopher Waller is due to speak at 9:15 am, followed by Fed Governor Lisa Cook at 9:30 am ET.

The Richmond Fed's manufacturing and services readings for February are due to be released at 10:00 am ET, at the same time as consumer confidence data for February and wholesale inventory data for December.

The Dallas Fed's nonmanufacturing reading for February is set to be released at 10:30 am ET and the Atlanta Fed's gross domestic product Nowcast reading for Q1 is due to be updated around midday.

Richmond Fed President Tom Barkin is expected to speak at 3:15 pm ET and Boston Fed President Susan Collins is due to speak at 3:20 pm ET. President Donald Trump is due to deliver the State of the Union speech at 9:00 pm ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1781 from 1.1790 at the Monday US close and 1.1786 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule, but European Central Bank President Christine Lagarde is due to speak at 12:45 pm ET. The next European Central Bank meeting is scheduled for March 19.

GBP/USD fell to 1.3485 from 1.3492 at the Monday US close and 1.3487 at the same time Monday morning. UK car registrations declined in January while UK retail sector strength deteriorated further in February, according to data released earlier Tuesday. Bank of England Governor Andrew Bailey is due to speak at 9:15 am ET, at the same time as BoE policy board member Huw Pill. The next Bank of England meeting is scheduled for March 19.

USD/JPY rose to 156.0089 from 154.7149 at the Monday US close and 154.8763 at the same time Monday morning as the odds of a Bank of Japan rate hike slipped and China put restrictions on Japanese imports. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.3716 from 1.3701 at the Monday US close and 1.3692 at the same time Monday morning. Canadian manufacturing sales data for January are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for March 18.

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