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US Dollar Falls Early Tuesday Ahead of Redbook, Consumer Sentiment, JOLTS Data
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US Dollar Falls Early Tuesday Ahead of Redbook, Consumer Sentiment, JOLTS Data
Dec 3, 2024 4:55 AM

07:42 AM EST, 12/03/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for an improvement versus the yen, before the release of weekly Redbook same store sales at 8:55 am ET, followed by the RealClearMarkets consumer sentiment reading for December and job openings and hiring data for October, all at 10:00 am ET.

Federal Reserve Governor Adriana Kugler is expected to speak at 12:35 pm ET and Chicago Fed President Austan Goolsbee is due to speak at 3:45 pm ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.0523 from 1.0499 at the Monday US close and 1.0522 at the same time Monday morning. There are no Eurozone data on the Tuesday's schedule. The next European Central Bank meeting is scheduled for Dec. 12.

GBP/USD rose to 1.2665 from 1.2655 at the Monday US close but was below a level of 1.2711 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Dec. 19.

USD/JPY rose to 149.7027 from 149.5314 at the Monday US close but was below a level of 150.1305 at the same time Monday morning. There are no Japanese data release overnight. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD fell to 1.4039 from 1.4045 at the Monday US close but was slightly above a level of 1.4037 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for Dec. 11.

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