07:51 AM EDT, 10/14/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Monday as attention turns to retail sales and industrial production data for September this week.

Monday is a federal government holiday in the US, so there are no data releases scheduled, but there are a handful of appearances by Federal Reserve officials. Minneapolis Fed President Neel Kashkari is due to speak at 9:00 am ET, followed by Fed Governor Christopher Waller at 3:00 pm ET and Kashkari again at 5:00 pm ET.

Tuesday's highlights include the New York Fed's Empire State index, the first manufacturing conditions measure for October, weekly Redbook same store sales and the New York Fed's inflation expectations readings for September.

Import price data for September and the New York Fed's services reading are due Wednesday.

Thursday's schedule will be busy, with weekly jobless claims, September retail sales, September industrial production, and NAHB builder sentiment for October the highlights of the day.

Home building data for September and updates to Q3 gross domestic product growth Nowcast estimates from the Atlanta Fed and St. Louis Fed are due for release Friday.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.0920 from 1.0934 at the Friday US close and 1.0932 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Thursday, when a 25 basis point rate reduction is expected.

GBP/USD fell to 1.3048 from 1.3065 at the Friday US close and 1.3061 at the same time Friday morning. UK home price data for October are due to be released at 7:01 pm ET. The next Bank of England meeting is scheduled for Nov. 7.

USD/JPY rose to 149.6381 from 149.1701 at the Friday US close and 149.0302 at the same time Friday morning. Monday is a holiday in Japan, so there were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30-31.

USD/CAD rose to 1.3796 from 1.3762 at the Friday US close and 1.3775 at the same time Friday morning. Monday is a holiday in Canada, so there are no data releases on the schedule. The next Bank of Canada meeting is scheduled for Oct. 23.