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US Dollar Falls Early Tuesday Ahead of Redbook Sales, Existing Home Sales

BY MT Newswires | ECONOMIC | 03/10/26 07:39 AM EDT

07:39 AM EDT, 03/10/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of the release of weekly Redbook same-store sales at 8:55 am ET and existing home sales data for February at 10:00 am ET.

Earlier Tuesday, the National Federation of Independent Business reported that small business optimism declined in February, though there was an increase in certainty about the economic outlook. Smaller firms are feeling competition from larger firms.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1639 from 1.1611 at the Monday US close and 1.1561 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 rose to 1.3451 from 1.3431 at the Monday US close and 1.3344 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 157.7926 from 157.8223 at the Monday US close and 158.4800 at the same time Monday morning. Japanese household spending declined further in January, but the year-over-year rate of decline slowed, while Japanese GDP grew more than expected in Q4, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD fell to 1.3568 from 1.3583 at the Monday US close but was above a level of 1.3538 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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