07:36 AM EDT, 04/09/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday before the release of weekly Redbook same-store sales at 8:55 am ET and RealClearMarkets consumer sentiment data for April at 10:00 am ET.

Earlier Tuesday, the NFIB Small Business Sentiment index for March fell to its lowest level since December 2012 and was the 27th consecutive month below the 50-year average.

Inflation was the key concern among business owners and was reflected in an increase in selling prices and pricing plans.

A quick summary of foreign exchange activity heading into Tuesday:

EUR-USD rose to 1.0871 from 1.0860 at the Monday US close and 1.0829 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Thursday when no change in interest rates is expected.

GBP-USD rose to 1.2688 from 1.2655 at the Monday US close and 1.2629 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for May 9.

USD-JPY fell to 151.8031 from 151.8522 at the Monday US close and 151.8972 at the same time Monday morning. Japanese household confidence improved modestly in March, data release overnight showed. The next Bank of Japan meeting is scheduled for April 25-26.

USD-CAD fell to 1.3570 from 1.3573 at the Monday US close and 1.3592 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is set for Wednesday when interest rates are expected to be held steady.