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US Dollar Mixed Early Tuesday Ahead Redbook, Existing Home Sales

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The US dollar was mixed against its major trading partners early Tuesday -- up versus the euro and pound, down versus the yen and Canadian dollar -- ahead of the release of weekly Redbook same-store sales at 8:55 am ET and existing home sales data for July at 10:00 am ET.

Earlier Tuesday, the National Federation of Independent Business reported that small business optimism improved in July, led by plans for increased hiring and capital outlays.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1541 from 1.1543 at the Monday US close and 1.1554 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Sept. 10.

GBP/USD fell to 1.3499 from 1.3508 at the Monday US close but was above a level of 1.3497 at the same time Monday morning. The next Bank of England meeting is scheduled for Sept. 17.

USD/JPY fell to 159.1201 from 159.2971 at the Monday US close but was above a level of 158.7888 at the same time Monday morning. There were no Japanese data released overnight due to a holiday. The next Bank of Japan meeting is scheduled for Sept. 17-18.

USD/CAD fell to 1.3935 from 1.3939 at the Monday US close and 1.3940 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for Sept. 2.

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