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US Dollar Rises Early Tuesday Ahead of Busy Data Release Schedule This Week

BY MT Newswires | ECONOMIC | 07:45 AM EDT

07:45 AM EDT, 05/26/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday after the long holiday weekend and before a busy week of economic data releases that includes the second estimate of Q1 GDP and personal income and spending data for April later in the week.

Tuesday's schedule starts with the Chicago Federal Reserve's national activity index for April and the Philadelphia Fed's non-manufacturing reading for May, both at 8:30 am ET. Home price data for March are due to be released at 9:00 am ET, followed by consumer confidence data for May at 10:00 am ET and the Dallas Fed's manufacturing reading for May at 10:30 am ET.

Weekly mortgage applications and Redbook same-store sales, the Richmond Fed's conditions report for May, and the Dallas Fed's non-manufacturing index for May are set to be released on Wednesday.

Highlights on Thursday include weekly jobless claims, Q1 GDP, April personal income and spending, durable goods, and new home sales data.

Friday's schedule will be lighter, with advance trade data for April and the Chicago PMI for May as the key releases.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1642 from 1.1643 at the Monday close but was above a level of 1.1641 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for June 11.

GBP/USD fell to 1.3486 from 1.3509 at the Monday close and 1.3493 at the same time Monday morning. UK services conditions improved slightly in May but remained pessimistic, according to data released earlier Tuesday. The next Bank of England meeting is scheduled for June 18.

USD/JPY rose to 159.1453 from 158.9158 at the Monday close and 158.9386 at the same time Monday morning. The Japanese leading index grew at a slower rate in March than in the previous month. The next Bank of Japan meeting is scheduled for June 15-16.

USD/CAD rose to 1.3805 from 1.3780 at the Monday close but was below a level of 1.3813 at the same time Monday morning. Canadian manufacturing sales data for April are due to be released at 8:30 am ET. 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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