US Dollar Falls Early Tuesday Ahead of Housing Starts, Philadelphia Nonmanufacturing

07:37 AM EDT, 10/20/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for a small gain versus the euro, ahead of the release of housing starts data for September and the Philadelphia Federal Reserve's nonmanufacturing index for October. Weekly Redbook same-store sales data are due to be released at 8:55 am ET, followed by pending home sales and state unemployment data, both for September, at 10:00 am ET. The Atlanta Fed is due to update its GDP nowcast estimate around midday. A quick summary of foreign exchange activity heading into Tuesday: EUR/USD fell to 1.1210 from 1.1212 at the Monday US close and 1.1228 at the same time time Monday morning. The Eurozone current account surplus narrowed in August while Eurozone economic sentiment declined in October, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for Oct. 29. GBP/USD rose to 1.3345 from 1.3303 at the Monday US close and 1.3338 at the same time Monday morning. UK employment growth accelerated in August while the unemployment rate declined in the same month and jobless claims increased in September. The next Bank of England meeting is scheduled for Nov. 5. USD/JPY fell to 158.1971 from 158.5452 at the Monday US close but was above a level of 158.1313 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30. USD/CAD fell to 1.4049 from 1.4110 at the Monday US close and 1.4076 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for Oct. 28.