-- The US dollar rose against its major trading partners early Tuesday ahead of the release of the Philadelphia Federal Reserve's non-manufacturing report for April and retail sales data for March, both at 8:30 am ET.
Weekly Redbook same-store sales data are due to be released at 8:55 am ET, followed by pending home sales data for March and business inventories data for February, both at 10:00 am ET, at the same time as a nomination hearing for Kevin Warsh to be Fed chair.
Fed Governor Christopher Waller is due to speak at 2:30 pm ET but is unlikely to make any comments on the economy or monetary policy due to the quiet period ahead of the April 28-29 Federal Open Market Committee meeting.
A quick summary of foreign exchange activity heading into Tuesday:
EUR/USD fell to 1.1763 from 1.1786 at the Monday US close and 1.1771 at the same time Monday morning. Eurozone economic sentiment declined in April, according to data released overnight. The next European Central Bank meeting is scheduled for April 30.
GBP/USD fell to 1.3510 from 1.3533 at the Monday US close and 1.3520 at the same time Monday morning. UK employment and earnings growth slowed in February, while the unemployment rate declined in the same month, and UK jobless claims increased in March. The next Bank of England meeting is scheduled for April 30.
USD/JPY rose to 159.2261 from 158.8456 at the Monday US close and 158.9285 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for April 27-28.
USD/CAD rose to 1.3657 from 1.3646 at the Monday US close, but was below a level of 1.3686 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for April 29.