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US Dollar Mixed Early Tuesday Ahead of Redbook, Consumer Sentiment, JOLTS

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The US dollar was mixed against its major trading partners early Tuesday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of the release of weekly Redbook same-store sales at 8:55 am ET.

The RealClearMarkets/TIPP consumer sentiment reading for June is due to be released at 10:00 am ET, at the same time as job openings data for April.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1646 from 1.1631 at the Monday US close but was slightly below a level of 1.1647 at the same time Monday morning. Eurozone consumer prices rose at a slower pace in May than in the previous month, but the year-over-year growth rate accelerated, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for June 11.

GBP/USD rose to 1.3470 from 1.3459 at the Monday US close and 1.3463 at the same time Monday morning. UK consumer lending slowed in April, according to data released earlier Tuesday. Bank of England Governor Andrew Bailey is due to speak at 10:00 am ET. The next Bank of England meeting is scheduled for June 18.

USD/JPY rose to 159.7272 from 159.6930 at the Monday US close and 159.4685 at the same time Monday morning. The Japanese money supply declined in May compared with a year earlier, according to data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.

USD/CAD rose to 1.3852 from 1.1383 at the Monday US close and 1.3827 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for June 10.

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