financetom
Economy
financetom
/
Economy
/
US Dollar Falls Early Monday; Employment Report Key This Week
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

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.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bond investors stick to neutral stance ahead of Fed meeting
Bond investors stick to neutral stance ahead of Fed meeting
May 26, 2025
NEW YORK (Reuters) -Bond investors have taken a neutral stance in the run-up to the Federal Reserve's two-day monetary policy meeting this week, reflecting continued caution over U.S. trade policy that threatens to plunge the world's largest economy into recession. Fixed-income investors said they are either staying neutral relative to their benchmarks, reducing their long-duration exposure, or preferring to remain...
House committee proposes changes to boost US oil, coal on federal lands
House committee proposes changes to boost US oil, coal on federal lands
May 26, 2025
(Reuters) -A House of Representatives panel this week will consider sweeping changes to the nation's oil and gas drilling programs, including requiring dozens of lease sales in the Gulf of Mexico and Alaska, that could be passed in an impending budget bill. WHY IT MATTERS The proposal is designed to bolster President Donald Trump's goal to increase U.S. fossil fuel...
Bond investors stick to neutral stance ahead of Fed meeting
Bond investors stick to neutral stance ahead of Fed meeting
May 26, 2025
NEW YORK (Reuters) -Bond investors have taken a neutral stance in the run-up to the Federal Reserve's two-day monetary policy meeting this week, reflecting continued caution over U.S. trade policy that threatens to plunge the world's largest economy into recession. Fixed-income investors said they are either staying neutral relative to their benchmarks, reducing their long-duration exposure, or preferring to remain...
Tariff fears loom large at Milken as executives try to stay calm
Tariff fears loom large at Milken as executives try to stay calm
May 26, 2025
BEVERLY HILLS (Reuters) -Wall Street chief executives and dealmakers sought to strike a calm tone at a high-profile investor gathering in Beverly Hills on Monday, despite fears of an economic slowdown as U.S. President Donald Trump's trade policies cast a long shadow. Investment managers and bankers at the Milken Institute Global Conference warned that Trump's aggressive tariffs on imports from...
Copyright 2023-2025 - www.financetom.com All Rights Reserved