08:12 AM EDT, 05/19/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday as the focus turned to April's home sales data and a string of appearances by Federal Reserve officials.
Monday's schedule includes appearances at the 29th Annual Financial Markets Conference, where Atlanta Federal Reserve President Raphael Bostic is scheduled to speak at 8:30 am ET, Fed Board of Governors Vice Chair Philip N. Jefferson at 8:45 am ET, and Dallas Fed President Lorie Logan is scheduled to moderate a panel at 1:15 pm ET. New York Fed President John Williams is also due to speak at 8:45 am ET, and Minneapolis Fed President Neel Kashkari is scheduled to speak at 1:30 pm ET.
The only data due for release on Monday is the leading indicators report for April at 10:00 am ET.
Tuesday's schedule includes the Philadelphia Fed's nonmanufacturing report for May and weekly Redbook same-store sales, as well as several appearances by Fed officials.
Wednesday's highlights will be weekly mortgage applications, oil stocks inventory data and state-level unemployment data for April.
Existing-home sales data for April is the key release on Thursday. Weekly jobless claims, the Chicago Fed's national activity index and S&P Global's flash estimates of manufacturing and services activity will also be released.
New-home sales for April and the Kansas City Fed's services reading for May will be released on Friday before the long holiday weekend.
A quick summary of foreign exchange activity heading into Monday:
EUR/USD rose to 1.1277 from 1.1151 at the Friday US close and 1.1202 at the same time Friday morning. Eurozone consumer prices rose as expected in April, according to data released earlier Monday. The next European Central Bank meeting is scheduled for June 4-5.
GBP/USD rose to 1.3386 from 1.3276 at the Friday US close and 1.3295 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 19.
USD/JPY fell to 144.9221 from 145.9132 at the Friday US close and 145.6082 at the same time Friday morning. Japanese services purchases by businesses rose in March, according to data released overnight. The next Bank of Japan meeting is scheduled for June 16-17.
USD/CAD fell to 1.3945 from 1.3976 at the Friday US close and 1.3964 at the same time Friday morning. Monday is a holiday in Canada, so there are no data on the schedule. The next Bank of Canada meeting is scheduled for June 4.