US Dollar Rises Early Monday, Focus on Inflation, Retail Sales Data, Powell-December 2024-www.financetom.com

US Dollar Rises Early Monday, Focus on Inflation, Retail Sales Data, Powell

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

US Dollar Rises Early Monday, Focus on Inflation, Retail Sales Data, Powell

May 26, 2025 5:45 AM

07:42 AM EDT, 05/12/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Monday as the focus turns to inflation and retail sales data for April as well as an appearance by Federal Reserve Chairman Jerome Powell.

Monday's schedule is light, with only a speech by Fed Governor Adriana Kugler at 10:25 am ET and the US Treasury's budget statement for April at 2:00 pm ET.

Tuesday's highlights will be the NFIB's small business sentiment reading for April and the Consumer Price Index for April, as well as weekly Redbook same-store sales.

Wednesday's schedule will be light, with weekly mortgage applications and petroleum stocks readings, leading into Thursday's busy schedule that will include jobless claims, and April data for retail sales, producer prices and industrial production and an appearance by Powell on the topic of the Fed's monetary policy framework review.

Home building data and import and export price data, all for April are due to be released on Friday, followed by the preliminary University of Michigan consumer sentiment reading for May.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.1084 from 1.1252 at the Friday US close and 1.1254 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 4-5.

GBP/USD fell to 1.3152 from 1.3307 at the Friday US close and 1.3277 at the same time Friday morning. Bank of England policy board member Catherine Mann is due to speak at 8:50 am ET and UK same-store sales data are scheduled to be released at 7:01 pm ET this evening. The next Bank of England meeting is scheduled for June 19.

USD/JPY rose to 148.1501 from 145.3252 at the Friday US close and 145.1101 at the same time Friday morning. The Japanese current account surplus narrowed in March while Japanese services business sentiment decline in April, according to data released overnight. The next Bank of Japan meeting is scheduled for June 16-17.

USD/CAD rose to 1.3981 from 1.3919 at the Friday US close and 1.3890 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 4.

Previous page： Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital Next page： India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital

Nov 29, 2023

Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.

India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh

Oct 18, 2023

Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.

JPMorgan has a new way to gauge its green progress

Nov 15, 2023

As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.

In fight to curb climate change, a grim report shows world is struggling to get on track

Nov 14, 2023

The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.