07:57 AM EDT, 07/07/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of the release of international trade data for May at 8:30 am ET and weekly Redbook same-store sales at 8:55 am ET.

Consumer sentiment data for July from RealClearMarkets are due to be released at 10:00 am ET, followed by the New York Federal Reserve's inflation expectations readings for June at 11:00 am ET.

The Atlanta Fed's latest GDP nowcast estimate for Q2 is due to be released around midday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1434 from 1.1441 at the Monday US close but was above a level of 1.1417 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for July 23.

GBP/USD fell to 1.3388 from 1.3391 at the Monday US close but was above a level of 1.3338 at the same time Monday morning. UK home prices rebounded in June after a decline in May, lifting the year-over-year rate, according to data released earlier Tuesday. Bank of England policy board member Catherine Mann is due to speak at 12:15 pm ET. The next Bank of England meeting is scheduled for July 30.

USD/JPY fell to 161.94 from 162.0453 at the Monday US close and 162.3066 at the same time Monday morning. Japanese household spending growth accelerated in May, but the year-over-year rate declined, data released overnight showed. Additionally, Japanese wage income growth slowed in May and the Japanese leading index increased in the same month. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.4215 from 1.4208 at the Monday US close but was below a level of 1.4218 at the same time Monday morning. The Canadian leading index grew modestly in June, according to data released earlier Tuesday. Canadian trade data for May is due to be released at 8:30 am ET, followed by the Canada IVEY survey for June at 10:00 am ET. The next Bank of Canada meeting is scheduled for July 15.