US Dollar Falls Early Monday, Attention on March Employment Report, Powell

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

US Dollar Falls Early Monday, Attention on March Employment Report, Powell

, MT Newswires - 7:51 AM ET 3/31/2025 default

07:51 AM EDT, 03/31/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for an increase versus the Canadian dollar, as the attention turns to the March employment report and an appearance by Federal Reserve Chairman Jerome Powell, both Friday.

Monday's schedule is light with just the Chicago purchasing managers' index for March at 9:45 am ET and the Dallas Federal Reserve's manufacturing index for March at 10:30 am ET.

Tuesday's busy schedule is highlighted by manufacturing data from the Institute for Supply Management and S&P Global, and job openings and hiring data.

ADP private payrolls and factory orders data are the key releases schedule for Wednesday.

Thursday's highlights include non-manufacturing data and weekly jobless claims.

The nonfarm payrolls employment report and Powell's appearances are the main events of the week on Friday heading into the weekend.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.0827 from 1.0826 at the Friday US close and 1.0771 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD rose to 1.2943 from 1.2942 at the Friday US close and 1.2927 at the same time Friday morning. UK consumer credit growth and mortgage lending both slowed in February, according to data released earlier Monday. The next Bank of England meeting is scheduled for May 8.

USD/JPY fell to 149.2551 from 149.7342 at the Friday US close and 150.8063 at the same time Friday morning. Japanese industrial production rebounded in February after a January decline, as did housing starts, while Japanese retail sales growth slowed in the same month, according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD rose to 1.4353 from 1.4318 at the Friday US close and 1.4328 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for April 16.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.