US Dollar Rises Early Monday, Focus on Existing Homes, Consumer Prices, Revised Q4 GDP

07:48 AM EDT, 03/09/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, with the focus this week on existing home sales and consumer price data for February and a revision to Q4 gross domestic product growth.

Federal Reserve officials are in their 'quiet period' ahead of the Federal Open Market Committee meeting on March 17-18.

Monday's schedule is light, with only the New York Fed's inflation expectations report for February due to be released at 11:00 am ET.

Highlights Tuesday include business sentiment for February from the National Federation of Independent Business, weekly Redbook same-store sales and existing home sales for February.

Consumer price index data for February, the US Treasury's budget statement for February and weekly mortgage applications and petroleum prices are due to be released Wednesday.

Thursday's highlights include weekly jobless claims, international trade and housing starts data for January and weekly natural gas stocks inventory data.

An update to Q4 GDP, personal income, spending, and price data and job openings data for January and the preliminary University of Michigan consumer sentiment reading for March are the highlights on Friday.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.1564 from 1.1617 at the Friday US close and was little changed from a level of 1.1563 at the same time Friday morning. Eurozone consumer confidence declined in March, according to data released earlier Monday. The next European Central Bank meeting is scheduled for March 19.

GBP/USD fell to 1.3354 from 1.3402 at the Friday US close but was above a level of 1.3321 at the same time Friday morning. UK same-store sales data for February are due to be released at 8:01 pm ET Monday evening. The next Bank of England meeting is scheduled for March 19.

USD/JPY rose to 158.4371 from 157.8222 at the Friday US close and 157.8731 at the same time Friday morning. Japanese wage growth and the leading index growth both accelerated in January while the Japanese current account surplus expanded in the same month. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD fell to 1.3536 from 1.3573 at the Friday US close and 1.3655 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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