financetom
Economy
financetom
/
Economy
/
US Dollar Rises Early Monday Ahead of Busy Data Schedule This Week
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Dollar Rises Early Monday Ahead of Busy Data Schedule This Week
Aug 25, 2025 4:55 AM

07:44 AM EDT, 08/25/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Monday before the start of a busy week of economic data releases, with the focus on gross domestic product and personal income and spending data later in the week.

Monday's schedule includes the Chicago Fed's national activity index for July at 8:30 am, followed by new home sales for July at 10:00 am ET, the Dallas Fed's manufacturing reading for August at 10:30 am ET, an appearance by Dallas Fed President Lorie Logan at 3:15 pm ET and an appearance by New York Fed President John Williams at 7:15 pm ET.

Tuesday's highlights include durable goods orders for July, home price data for June and consumer confidence data for August.

Wednesday's schedule includes only weekly mortgage application and crude oil stocks inventory data.

Weekly initial jobless claims, the second estimate of Q2 GDP and pending homes data for July are due to be released on Thursday.

Friday's highlights include personal income, spending and price data for July, advance trade data for July and the final University of Michigan consumer sentiment reading for August.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.1694 from 1.1721 at the Friday US close but was well above a level of 1.1597 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD fell to 1.3503 from 1.3522 at the Friday US close but was above a level of 1.3410 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 147.3531 from 146.9352 at the Friday US close but was below a level of 148.7071 at the same time Friday morning. The Japanese leading and coincident index readings both rose less than expected in June, according to data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3829 from 1.3826 at the Friday US close but was below a level of 1.3912 at the same time Friday morning. Canadian corporate profits data for Q2 are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.

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 >
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says
Mar 22, 2024
(Reuters) - U.S. companies' purchases of domestic equities through more stock buybacks and corporate acquisitions will hit a six-year high of $625 billion this year, about as much as mutual funds and pension houses will offload, Goldman Sachs said. A surge in share buybacks and continued growth in cash mergers and acquisitions (M&A) will be the primary drivers of corporate...
Fed Chair Powell says pandemic has had lasting effects on economy
Fed Chair Powell says pandemic has had lasting effects on economy
Mar 22, 2024
(Reuters) - Federal Reserve Chair Jerome Powell on Friday opened a Fed Listens event on how Americans are experiencing the economy, saying the pandemic has had lasting effects and that to make good policy the U.S. central bank cannot rely only on macroeconomic data but needs to hear directly from people and businesses. He did not make any remarks about the...
US Congress scrambles to pass $1.2 trillion spending bill, midnight deadline looms
US Congress scrambles to pass $1.2 trillion spending bill, midnight deadline looms
Mar 22, 2024
WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives and Democratic-majority Senate on Friday will scramble to beat a midnight government shutdown deadline by passing a $1.2 trillion bill keeping the government funded through September. If they succeed, it will end a more-than-six-month battle over the scope of Washington's spending for the fiscal year that began Oct. 1. If they...
US Dollar Improves Early Friday Ahead of Fed Appearances, State Unemployment
US Dollar Improves Early Friday Ahead of Fed Appearances, State Unemployment
Mar 22, 2024
07:38 AM EDT, 03/22/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of a series of appearances by Federal Reserve officials that compensate for a lack of major US data. Fed Chairman Jerome Powell is scheduled to make opening remarks at a Fed Listens conference at...
Copyright 2023-2025 - www.financetom.com All Rights Reserved