US Dollar Rises Early Monday, Focus This Week on April CPI, Retail Sales
BY MT Newswires | ECONOMIC | 07:35 AM EDT07:35 AM EDT, 05/11/2026 (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 consumer price and retail sales data for April.
Monday's schedule is light, with only existing home sales data for April at 10:00 am ET.
April consumer price data are the highlight on Tuesday. Small business sentiment for April, the monthly Treasury budget for April, and weekly Redbook same-store sales are also due to be released.
Producer price data for April and weekly mortgage applications and crude oil stocks data are due to be released on Wednesday.
Thursday's busy data schedule includes weekly jobless claims, retail sales and import prices for April, business inventories for March, and weekly natural gas stocks.
The New York Federal Reserve's Empire State manufacturing index for May and industrial production data for April are scheduled to be released on Friday.
A quick summary of foreign exchange activity heading into Monday:
EUR/USD fell to 1.1773 from 1.1781 at the Friday US close, but was above a level of 1.1764 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for June 11.
GBP/USD fell to 1.3608 from 1.3629 at the Friday US close, but was above a level of 1.3604 at the same time Friday morning. There are no UK data on Monday's schedule, but Bank of England Governor Sam Woods is due to speak at 10:40 am ET. The next Bank of England meeting is scheduled for June 18.
USD/JPY rose to 157.1042 from 156.7288 at the Friday US close and 156.7758 at the same time Friday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.
USD/CAD fell to 1.3664 from 1.3681 at the Friday US close, but was above a level of 1.3647 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for June 10.
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
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