07:36 AM EDT, 08/20/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of the Philadelphia Federal Reserve's nonmanufacturing index for August set for release at 8:30 am ET and weekly Redbook same-store sales due out at 8:55 am ET.

Atlanta Fed President Raphael Bostic is scheduled to speak at 1:35 pm ET, followed by Fed Vice Chair for Supervision Michael Barr at 2:45 pm ET. Both are voters on the Federal Open Market Committee this year.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose slightly to 1.1084 from 1.1082 at the Monday US close and was well above a level of 1.1036 at the same time Monday morning. Eurozone consumer prices were flat in July, as expected, allowing the year-over-year rate to increase slightly, according to data released earlier Tuesday. Core prices declined from July while the year-over-year rate was in line with the previous month. The next European Central Bank meeting is scheduled for Sept. 12.

GBP/USD rose to 1.3011 from 1.2990 at the Monday US close and 1.2953 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Sept. 19.

USD/JPY fell to 146.4535 from 146.6383 at the Monday US close but was above a level of 146.3084 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Sept. 19-20.

USD/CAD fell to 1.3611 from 1.3637 at the Monday US close and 1.3682 at the same time Monday morning. Canadian consumer price data for July are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 4.