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US Dollar Mixed Early Wednesday Ahead of February Consumer Price Index Data

BY MT Newswires | ECONOMIC | 07:31 AM EDT

07:31 AM EDT, 03/11/2026 (MT Newswires) -- The US dollar was mixed against its major trading partners early Wednesday -- up versus euro and yen, down versus the pound and Canadian dollar -- ahead of the release of February consumer price index data at 8:30 am ET.

Federal Reserve Vice Chair of Supervision Michelle Bowman is due to speak at 8:30 am ET on the topic of banking supervision but is not expected to make comments on the economy or monetary policy due to the ongoing Fed 'quiet period.'

Weekly oil stocks inventory data are due to be released at 10:30 am ET, followed by the US Treasury's monthly budget statement for February at 2:00 pm ET.

Earlier Wednesday, the Mortgage Bankers Association said mortgage applications rose further in the week ended March 6 despite an increase in mortgage rates.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1608 from 1.1615 at the Tuesday US close and 1.1634 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule, but Eurozone policy board member Isabel Schanbel is due to speak at 11:10 am ET. The next European Central Bank meeting is scheduled for March 19.

GBP/USD rose to 1.3447 from 1.3418 at the Tuesday US close but was below a level of 1.3451 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for March 19.

USD/JPY rose to 158.2955 from 158.0397 at the Tuesday US close and 157.7889 at the same time Tuesday morning. Japanese producer prices declined in February, slowing the year-over-year, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD fell to 1.3573 from 1.3580 at the Tuesday US close but was above a level of 1.3570 at the same time Tuesday morning. Canadian consumer sentiment data for March are due to be released at 11:00 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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