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US Dollar Mixed Early Monday Ahead of Chicago Fed National Index, Construction Spending

BY MT Newswires | ECONOMIC | 03/23/26 07:47 AM EDT

07:47 AM EDT, 03/23/2026 (MT Newswires) -- The US dollar was mixed against its major trading partners early Monday -- up versus the pound and Canadian dollar, down versus the euro and yen -- ahead a lighter data week, starting with the Chicago Federal Reserve's national activity index for February at 8:30 am ET, construction spending for January at 10:00 am ET and the Atlanta Federal Reserve's GDP nowcast reading around midday.

US President Donald Trump has postponed further strikes against Iranian power plants for a five-day period while the two sides engage in peace talks.

Tuesday's highlights include the Philadelphia Fed's nonmanufacturing index for February, revised productivity data for Q4 and the S&P Global flash estimates for March.

Current account data for Q4 and import and export prices for February are due to be released on Wednesday.

Weekly jobless claims and natural gas stocks and the Kansas City Fed's manufacturing reading for March are scheduled to be released on Thursday.

Friday's highlights include the final University of Michigan consumer sentiment reading for March and the Kansas City Fed's services reading for March.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1594 from 1.1562 at the Friday US close and 1.1569 at the same time Friday morning. Eurozone consumer confidence data for March are due to be released at 11:00 am ET, followed by a appearance by European Central Bank policy board member Philip Lane is due to speak at 12:00 pm ET. The next European Central Bank meeting is scheduled for April 30.

GBP/USD fell to 1.3323 from 1.3336 at the Friday US close and 1.3391 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for April 30.

USD/JPY fell to 158.8412 from 159.2982 at the Friday US close but was above a level of 158.5712 at the same time Friday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for April 27-28.

USD/CAD rose to 1.3741 from 1.3720 at the Friday US close and 1.3713 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for April 29.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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