07:36 AM EST, 11/11/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, with the focus on consumer inflation and retail sales data for October later in the week and a discussion with Federal Reserve Chairman Jerome Powell on the economic outlook Thursday.

Monday's schedule is light, with no data releases schedule due to the Veterans' Day holiday.

Tuesday's highlights include the National Federation of Independent Businesses' business sentiment reading, consumer sentiment from RealClearMarkets and the New York Federal Reserve's inflation expectations report.

The consumer price index is the main event Wednesday, along with weekly Redbook retail sales.

Weekly jobless claims, oil and gas stocks and producer prices data are the key releases Thursday, prior to a live appearance by Fed Chair Powell in the afternoon.

Friday's schedule will be busy to end the week, with data on retail sales, import and export prices, industrial production and the first look at November manufacturing conditions all due to be released.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.0663 from 1.0719 at the Friday US close and 1.0776 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Dec. 12.

GBP/USD fell to 1.2888 from 1.2921 at the Friday US close and 1.2961 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Dec. 19.

USD/JPY rose to 153.7441 from 152.5031 at the Friday US close and 152.4691 at the same time Friday morning. The Japanese current account surplus narrowed in September while the Japanese services business sentiment declined in the same month. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD rose to 1.3930 from 1.3910 at the Friday US close and 1.3902 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for Dec. 11.