07:54 AM EDT, 06/08/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Monday as markets focus on inflation data later this week.

Federal Reserve officials are in a quiet period this week ahead of the June 16-17 Federal Open Market Committee meeting.

Monday's schedule is light, with only the New York Fed's inflation expectations report for May at 11:00 am ET.

Highlights on Tuesday include the NFIB's business sentiment reading for May, existing home sales data for May, and wholesale inventory data for April.

Consumer price data for May and weekly mortgage applications and oil stocks are the main releases on Wednesday.

Thursday's highlights include weekly jobless claims data and producer price data for May.

The preliminary University of Michigan consumer sentiment reading for June is due to be released on Friday.

A quick summary of foreign exchange activity heading into Monday

EUR/USD rose to 1.1542 from 1.1518 at the Friday US close, but was below a level of 1.1632 at the same time Friday morning. Eurozone investor confidence improved in June; however, the survey still indicated more pessimism than optimism, according to data released earlier Monday. The next European Central Bank meeting is scheduled for Thursday, when a 25-basis point rate increase is expected.

GBP/USD rose to 1.3366 from 1.3339 at the Friday US close, but was below a level of 1.3472 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for June 18.

USD/JPY fell to 159.9477 from 160.1899 at the Friday US close but was above a level of 159.9060 at the same time Friday morning. Japanese GDP accelerated in Q1, while Japanese services business sentiment rose in May, according to data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.

USD/CAD fell to 1.3933 from 1.3943 at the Friday US close, but was above a level of 1.3877 at the same time Friday morning. The Canadian leading index rose modestly in May, according to data released earlier Monday. The next Bank of Canada meeting is scheduled for Wednesday, when no change in the policy rate is expected.