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US Dollar Falls Early Monday, Focus This Week on FOMC Minutes

BY MT Newswires | ECONOMIC | 07:43 AM EDT

07:43 AM EDT, 05/18/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a gain versus the yen, with the focus this week on minutes of the April 28-29 Federal Open Market Committee meeting to be released on Wednesday.

Monday's schedule includes the New York Federal Reserve's services reading for May at 8:30 am ET, the NAHB's home builders index for May at 10:00 am ET, and the US Treasury's international capital standards report for March at 4:00 pm ET.

Weekly Redbook same-store sales and pending home sales data for April are due to be released on Tuesday.

Weekly mortgage applications and petroleum stocks are due to be released on Wednesday, before the FOMC minutes in the afternoon.

Thursday's data highlights include the Philadelphia Fed's manufacturing index for May, weekly jobless claims, April housing starts, and the S&P Global flash estimates of manufacturing and construction conditions for May.

The final University of Michigan consumer sentiment reading for May is due to be released on Friday before the long Memorial Day weekend.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1630 from 1.1621 at the Friday US close but was below a level of 1.1646 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 rose to 1.3355 from 1.3318 at the Friday US close but was below a level of 1.3379 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for June 18.

USD/JPY rose to 158.9373 from 158.4842 at the Friday US close and 158.5139 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 1.3750 from 1.3753 at the Friday US close, but was above a level of 1.3748 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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