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US Dollar Mixed Early Monday, Fed Officials in Quiet Period

US Dollar Mixed Early Monday, Fed Officials in Quiet Period

MT newswireMT newswire2026/10/19 11:32
07:32 AM EDT, 10/19/2026 (MT Newswires) -- The US dollar was mixed against its major trading partners early Monday -- up versus the euro and yen, down versus the pound and Canadian dollar -- as Federal Reserve officials enter their quiet period ahead of the Oct. 27-28 Federal Open Market Committee meeting. Monday's schedule is light, with only the NAHB home builders index for October at 10:00 am ET. Tuesday's highlights include housing starts data for September, the Philadelphia Fed's nonmanufacturing reading for October, and pending home sales for September. Weekly mortgage applications and oil stocks data are due to be released on Wednesday. Thursday's schedule includes weekly jobless claims and natural gas stocks data, the leading index for September and the Kansas City Fed's manufacturing reading for October. Friday's highlights include the flash estimates of S&P Global's manufacturing and services readings, the final University of Michigan consumer sentiment reading and the Kansas City Fed's services reading, all for October. A quick summary of foreign exchange activity heading into Monday: EUR/USD fell to 1.1222 from 1.1238 at the Friday US close and 1.1257 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Oct. 29. GBP/USD rose to 1.3332 from 1.3329 at the Friday US close but was below a level of 1.3339 at the same time Friday morning. There are no UK data on the day's schedule. The next Bank of England meeting is scheduled for Nov. 5. USD/JPY rose to 158.1762 from 157.9942 at the Friday US close and 158.0302 at the same time Friday morning. Japanese business services purchases declined in August according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30. USD/CAD fell to 1.4077 from 1.4140 at the Friday US close and 1.4151 at the same time Friday morning. Canadian consumer price data for September are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 28.
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