07:49 AM EDT, 04/15/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a small improvement versus the yen, before the release of retail sales data for March and Empire State manufacturing conditions data for April, both at 8:30 am ET.

The National Association of Home Builders sentiment index for April and business inventories data for February follow at 10:00 am ET, while the Atlanta Federal Reserve Bank is expected to release an update to their gross domestic Nowcast estimate for Q1 around midday.

New York Fed President John Williams is expected to speak at 8:30 am ET, followed by San Francisco Fed President Mary Daly at 8:00 pm ET.

Highlights for Tuesday include housing starts and industrial production data for February and an appearance by Fed Chairman Jerome Powell.

Wednesday's key releases will be weekly mortgage applications and energy stocks as well as the Fed's Beige Book economic conditions summary.

Weekly initial jobless claims and existing-home sales data for March will be the highlights Thursday, followed by March state-level unemployment data Friday.

The International Monetary Fund annual meeting is underway and several appearances by Federal Reserve officials are spread throughout the week before the 'quiet period' begins Saturday ahead of the policy setting Federal Open Market Committee meeting April 30-May 1.

A quick summary of foreign exchange activity heading into Monday:

EUR-USD rose to 1.0658 from 1.0634 at the Friday US close and 1.0652 at the same time Friday morning. Eurozone industrial production rose as expected in February but was still down sharply year-over-year, data released earlier Monday showed. The next European Central Bank meeting is scheduled for June 6.

GBP-USD rose to 1.2495 from 1.2432 at the Friday US close and 1.2474 Friday morning. There are no UK data on Monday's schedule, but Bank of England policy board member Sarah Breeden is set to speak at 8:15 am ET. The next BoE meeting is scheduled for May 9.

USD-JPY rose to 153.9012 from 152.0601 at the Friday US close and 153.2361 at the same time Friday morning. Japanese core machinery orders rose sharply in February but were down from a year earlier, data released overnight showed. The next Bank of Japan meeting is scheduled for April 25-26.

USD-CAD fell to 1.3740 from 1.3775 at the Friday US close and 1.3741 at the same time Friday morning. Canadian housing starts data for March is scheduled to be released at 8:15 am ET, followed by manufacturing and wholesale sales for February at 8:30 am ET. The next Bank of Canada meeting is scheduled for June 5.