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US Dollar Falls Early Monday; Employment Report Key This Week
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US Dollar Falls Early Monday; Employment Report Key This Week
Sep 29, 2025 5:33 AM

07:53 AM EDT, 09/29/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday to start a busy week of economic data that concludes with the September employment report Friday, all the while the threat of another government shutdown looms ahead of the Tuesday night deadline.

Monday's schedule includes pending home sales data for August at 10:00 am ET, followed by the Dallas Federal Reserve's manufacturing estimate for September at 10:30 am ET, a speech by US President Donald Trump at 1:15 pm ET, an appearance by New York Fed President John Williams at 1:30 pm ET and a speech by Atlanta Fed President Raphael Bostic at 6:00 pm ET.

Tuesday's highlights include home price data for July and the Chicago purchasing managers' index and consumer confidence data for September, as well as the countdown to a possible government shutdown starting Wednesday.

ADP private payrolls data for September, construction data for August and manufacturing sentiment readings for September are the main highlights Wednesday.

Weekly jobless claims and factory orders data for August are due to be released Thursday.

On Friday, the September nonfarm payrolls employment data are set to be released, followed by services conditions data for September.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.1715 from 1.1705 at the Friday US close and 1.1666 at the same time Friday morning. Eurozone consumer confidence and industrial sentiment both remained below the breakeven point in September, indicating significant pessimism, data released earlier Monday showed. European Central Bank policy board member Philip Lane is due to speak at 8:00 am ET. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD rose to 1.3426 from 1.3407 at the Friday US close and 1.3350 at the same time Friday morning. UK consumer credit use rose in August but mortgage lending declined, according to data released earlier Monday. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY fell to 148.7611 from 149.5042 at the Friday US close and 149.7772 at the same time Friday morning. The Japanese leading index rose more than expected in July, according to data release overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD fell to 1.3933 from 1.3939 at the Friday US close and 1.3950 at the same time Friday morning. Canadian manufacturing sales for August are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 29.

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