07:44 AM EDT, 07/21/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, with the focus on home sales data for June later in the week as Federal Reserve officials are in their 'quiet period' until after the July 29-30 Federal Open Market Committee meeting.

Monday's schedule is light, with only leading indicators data for June to be released at 10:00 am ET.

Highlights on Tuesday include nonmanufacturing data for July from the Philadelphia Federal Reserve bank, weekly Redbook same-store sales and the Richmond Fed's conditions readings for July.

Fed Chairman Jerome Powell and Fed Vice Chair for Supervision Michelle Bowman are both due to speak on Tuesday but should not address monetary policy or the economy due to the 'quiet period.'

Existing home sales data for June will be the key release Wednesday. Weekly mortgage applications and oil stocks data will be published as well.

Thursday's schedule is busy with weekly jobless claims, S&P Global flash estimates for July manufacturing and services purchasing managers' indexes, and new home sales data for June the main releases.

Friday's schedule features durable goods orders data for June and the Kansas City Fed's services reading for July.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1651 from 1.1626 at the Friday US close and 1.1645 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Thursday, when no change in interest rates is expected.

GBP/USD rose to 1.3469 from 1.3415 at the Friday US close and 1.3454 at the same Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Aug. 7.

USD/JPY fell to 147.6741 from 148.7572 at the Friday US close and 148.5281 at the same time Friday morning. Monday is a holiday in Japan, so there are were no data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD fell to 1.3712 from 1.3729 at the Friday US close and 1.3723 at the same time Friday morning. Canadian industrial and raw materials prices for June are due to be released at 8:30 am ET, followed by the Bank of Canada's business outlook survey at 10:30 am ET. The next Bank of Canada meeting is scheduled for July 30.