07:47 AM EDT, 06/17/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for a gain versus the pound, ahead of a busy economic release day, starting with retail sales and import and export price data for May and the New York Federal Reserve's services reading for June, all at 8:30 am ET.

Weekly Redbook same-store sales data are due to be released at 8:55 am ET, followed by industrial production data for May at 9:15 am ET, business inventories data for April and the National Association of Home Builders' builder sentiment reading for June at 10:00 am ET.

The Atlanta Fed's gross domestic product Nowcast estimate for Q2 is expected to be updated around midday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1572 from 1.1555 at the Monday US close but was below a level of 1.1578 at the same time Monday morning. Eurozone economic sentiment rose more than expected in June, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for July 24.

GBP/USD fell to 1.3571 from 1.3575 at the Monday US close and 1.3584 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Thursday when no change in interest rates is expected.

USD/JPY fell to 144.5786 from 144.8605 at the Monday US close but was above a level of 144.0351 at the same time Monday morning. The Bank of Japan decided to leave its policy rate unchanged in its post-meeting statement released Monday evening US time, as expected, but said it intends to slow its pace of bond buying to allow rates to rise. The next Bank of Japan meeting is scheduled for July 30-31. There were no Japanese data released overnight.

USD/CAD fell to 1.3562 from 1.3579 at the Monday US close and 1.3571 at the same time Monday morning. Canadian foreign securities purchases data for April are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 30.