07:36 AM EDT, 07/06/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Monday as markets look ahead to the minutes of the June 16-17 Federal Open Market Committee meeting later in the week.

On Monday, S&P Global's services data is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET and an appearance by Federal Reserve Governor Christopher Waller at 11:00 am ET.

Highlights on Tuesday include trade data for May and the RealClearMarkets consumer sentiment reading for July.

Wholesale inventory data for June, weekly mortgage applications, and oil stocks data are due to be released on Wednesday, before the FOMC minutes in the afternoon.

Thursday's highlights include weekly jobless claims, natural gas stocks, and existing home sales data for June.

The only release on Friday is the St. Louis Fed's GDP nowcast for Q2.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.1420 from 1.1438 at the Friday close and 1.1448 at the same time Friday morning. Eurozone construction PMI declined in June, while investor confidence improved in July but still indicated pessimism. Eurozone producer prices rose less than expected in May, while Eurozone retail sales rebounded in the same month, data released earlier Monday showed. European Central Bank policy board member Isabel Schnabel is due to speak at 11:00 am ET, followed by ECB President Christine Lagarde at 12:00 pm ET and ECB policy board member Philip Lane at 2:30 pm ET. The next European Central Bank meeting is scheduled for July 23.

GBP/USD fell to 1.3339 from 1.3353 at the Friday close and 1.3363 at the same time Friday morning. UK construction PMI rose slightly in June but remained below the breakeven point, while new passenger car registrations improved in the same month, according to data released earlier Monday. Bank of England policy board member Catherine Mann is due to speak at 12:45 pm ET. The next Bank of England meeting is scheduled for July 30.

USD/JPY rose to 162.2888 from 161.3484 at the Friday close and 161.3830 at the same time Friday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.4219 from 1.4202 at the Friday close and 1.4207 at the same time Friday morning. Canadian reserve assets data are due to be released at 8:15 am ET. The next Bank of Canada meeting is scheduled for July 15.