07:49 AM EDT, 05/19/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of a light schedule, starting with an appearance by Federal Reserve Governor Christopher Waller at 8:00 am ET.

Weekly Redbook same-store sales are due to be released at 8:55 am ET, followed by pending home sales data for April at 10:00 am ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1619 from 1.1652 at the Monday US close and 1.1630 at the same time Monday morning. The Eurozone trade surplus narrowed in March according to data released earlier Tuesday. European Central Bank policy board member Philip Lane is due to speak at 8:00 am ET. The next European Central Bank meeting is scheduled for June 11.

GBP/USD fell to 1.3408 from 1.3432 at the Monday US close, but was above a level of 1.3356 at the same time Monday morning. UK employment growth accelerated in March, however the unemployment rate also increased, according to data released earlier Tuesday. The next Bank of England meeting is scheduled for June 18.

USD/JPY rose to 159.1147 from 158.8790 at the Monday US close and 158.9448 at the same time Monday morning. Japanese industrial production declined in March while Japanese services purchases improved in the same month, and Japanese GDP growth accelerated in Q1, according to data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.

USD/CAD rose to 1.3750 from 1.3739 at the Monday US close and 1.3749 at the same time Monday morning. Canadian consumer and home price data for April and building permits data for March are all due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for June 10.