07:36 AM EDT, 05/27/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday after the long holiday weekend, with the focus this week on consumer confidence, minutes of the May 6-7 Federal Open Market Committee meeting, the second look at Q1 GDP and personal income, spending and price data for April.

Tuesday's schedule is relatively busy, with durable goods orders data for April at 8:30 am, home price data for March at 9:00 am ET, consumer confidence data for May at 10:00 am ET, the Dallas Federal Reserve's manufacturing reading for May at 10:30 am ET and an update to the Atlanta Fed's GDP nowcast estimate for Q2 around midday. New York Fed President John Williams is due to speak at 8:00 pm ET followed by Fed Governor Christopher Waller at 10:10 pm ET.

Wednesday's highlights include weekly mortgage applications and Redbook same-store sales data, the Richmond Fed's conditions data for May and the Dallas Fed's nonmanufacturing index for May, followed by the FOMC minutes in the afternoon.

Weekly jobless claims, the second look at Q1 GDP and pending home sales data are due on Thursday.

Friday's highlights include personal income, spending and price data for April, advance trade data for April and the final University of Michigan consumer sentiment reading for May are due on Friday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1345 from 1.1386 at the Monday close and 1.1384 at the same time Monday morning. Eurozone consumer confidence improved modestly in May but still indicated more pessimism than optimism, according to data released overnight. The next European Central Bank meeting is scheduled for June 4-5.

GBP/USD fell to 1.3549 from 1.3564 at the Monday close and 1.3565 at the same time Monday morning. UK car registrations fell sharply in April while UK retail and wholesale conditions turned sharply negative in May, according to data released earlier Tuesday. The next Bank of England meeting is scheduled for June 19.

USD/JPY rose to 144.0512 from 142.7709 at the Monday close and 142.8990 at the same time Monday morning. Japanese corporate services price growth slowed in April according to data released overnight. The next Bank of Japan meeting is scheduled for June 16-17.

USD/CAD rose to 1.3764 from 1.3737 at the Monday close and 1.3715 at the same time Monday morning. Canadian wholesale sales data for April are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for June 4.