07:34 AM EDT, 07/14/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of consumer price data for June at 8:30 am ET, weekly Redbook same-store sales data at 8:55 am ET, and the first day of testimony from Federal Reserve Chairman Kevin Warsh at 10:00 am ET.

Fed Governor Michael Barr is due to speak at 12:40 pm ET, followed by Fed Governor Lisa Cook at 1:30 pm ET and Fed Vice Chair Michelle Bowman at 2:55 pm ET.

The Treasury's international capital holding report for May is due to be released at 4:00 pm ET.

Earlier this Tuesday, the National Federation of Independent Business reported that small-business optimism improved in June to its highest level since February, but said firms still face headwinds from high interest rates and slow economic growth.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1393 from 1.1383 at the Monday US close, but was below a level of 1.1432 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule, but European Central Bank President Christine Lagarde is set to speak at 9:00 am ET. The next European Central Bank meeting is scheduled for July 23.

GBP/USD rose to 1.3373 from 1.3354 at the Monday US close, but was below a level of 1.3390 at the same time Monday morning. There are no UK data on Tuesday's schedule, but Bank of England Governor Andrew Bailey is due to speak at 4:00 pm ET. The next Bank of England meeting is scheduled for July 30.

USD/JPY fell to 162.2507 from 162.4570 at the Monday US close, but was above a level of 162.1191 at the same time Monday morning. Japanese industrial production rose less than expected in May, according to data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD fell to 1.4113 from 1.4155 at the Monday US close and 1.4132 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for Wednesday, when no change in the policy rate is expected.