07:56 AM EDT, 10/07/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, except for a small decline versus the yen, as markets looked ahead to minutes of the Sept. 17-18 Federal Open Market Committee meeting to be released Wednesday and September consumer price data to be released Thursday.

Federal Reserve Governor Michelle Bowman is due to speak at 1:00 pm ET, followed by an appearance by Minneapolis Fed President Neel Kashkari at 1:50 pm ET, the Federal Reserve's consumer credit usage report for August at 3:00 pm ET, and a speech by Atlanta Fed President Raphael Bostic at 6:00 pm ET.

Highlights Tuesday include the National Federation of Independent Business' business sentiment reading for September, and consumer sentiment data for October.

Weekly mortgage applications and oil stocks data will be published Wednesday before the FOMC minutes are released.

The key data release for the week, the consumer price index for September, will be released Thursday at the same time as weekly jobless claims, followed by weekly natural gas stocks and the US Treasury's budget statement for September.

Producer price data for September and the preliminary University of Michigan consumer sentiment report for October are due to be released on Friday.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD fell to 1.0964 from 1.0975 at the Friday US close and 1.1030 at the same time Friday morning. Eurozone retail sales rose slightly in August, as expected, while investor confidence improved but still signaled pessimism, data released earlier Monday showed. The next European Central Bank meeting is scheduled for Oct. 17.

GBP/USD fell to 1.3072 from 1.3127 at the Friday US close and 1.3167 at the same time Friday morning. UK home prices rose more than expected in September, boosting the year-over-year rate, data released overnight showed. The next Bank of England meeting is scheduled for Nov. 7.

USD/JPY fell to 148.4151 from 148.7452 at the Friday US close but was well above a level of 146.4571 at the same time Friday morning. Japanese leading indicators fell sharply in August, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30-31.

USD/CAD rose to 1.3584 from 1.3575 at the Friday US close and 1.3552 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for Oct. 23.