FINWIRES · TerminalLIVE
FINWIRES

US Dollar Rises Early Tuesday Ahead of Philadelphia Fed Nonmanufacturing, Redbook, Richmond, Fed Appearances

By

The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of the release of the Philadelphia Federal Reserve's nonmanufacturing reading for September at 8:30 am ET, weekly Redbook same-store sales at 8:55 am ET, and the Richmond Fed's business conditions readings for September at 10:00 am ET.

New York Fed President John Williams is due to speak at 10:05 am ET, followed by Fed Vice Chair Philip Jefferson at 10:20 am ET and Richmond Fed President Tom Barkin at 1:00 pm ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1461 from 1.1464 at the Monday US close and 1.1485 at the same time Monday morning. Eurozone consumer confidence data for September are due to be released at 12:00 pm ET. The next European Central Bank meeting is scheduled for Oct. 29.

GBP/USD fell to 1.3360 from 1.3367 at the Monday US close and 1.3389 at the same time Monday morning. UK manufacturing sector expectations improved in September, according to data released earlier Tuesday. The next Bank of England meeting is scheduled for Nov. 5.

USD/JPY fell to 157.1241 from 157.4341 at the Monday US close and 157.1812 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 rose to 1.4038 from 1.4037 at the Monday US close and 1.4004 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.

What else is happening in International?

International

South Korea Targets 2.5 Million Public Rental Homes by 2030

South Korea plans to increase its long-term public rental housing stock to more than 2.5 million units by 2030 from 1.931 million units in 2024, the Ministry of Land, Infrastructure and Transport said Monday.The target is part of a broader plan to supply about 1.19 million public rental and for-sale homes through 2030, including roughly 920,000 units in the Seoul metropolitan area.The nation's housing supply rate rose to 102.9% in 2024 from 100.5% in 2010, while average living space per person increased to 36 square meters from 25.8 square meters over the same period, the ministry said.

^KOSDAQKOSPI
International

South Korean Bank Loan Delinquency Rate Rises to 0.63% in July

The delinquency rate on won-denominated loans at South Korea's domestic banks rose to 0.63% in July from 0.57% a year earlier, according to data released Tuesday by the Financial Supervisory Service.Business loan delinquencies climbed to 0.78% in July from 0.67% in July 2025. Large-company loans rose to 0.36% from 0.14%, while SME loans increased to 0.91% from 0.82%. Household loan delinquency fell to 0.42% from 0.43%.The volume of newly delinquent loans increased by 600 billion won on a month-on-month basis in July, while that of resolved loans declined by 3.9 trillion won, the regulator said.

^KOSDAQKOSPI
International

RBI Swap Facility Attracts $143.6 Billion in Forex Inflows

India received $143.60 billion in foreign exchange inflows under the Reserve Bank of India's swap facility as of Sept. 18, according to the central bank.Foreign currency non-resident bank deposits, or FCNR(B) deposits, accounted for $132.98 billion of the inflows.Overseas foreign currency borrowings contributed $5.32 billion, while external commercial borrowings added $5.30 billion, according to the data.

^BSENifty 50