US Dollar Rises Early Tuesday Ahead of Trade, Redbook, Consumer Sentiment

The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of the release of international trade data for May at 8:30 am ET and weekly Redbook same-store sales at 8:55 am ET. Consumer sentiment data for July from RealClearMarkets are due to be released at 10:00 am ET, followed by the New York Federal Reserve's inflation expectations readings for June at 11:00 am ET. The Atlanta Fed's latest GDP nowcast estimate for Q2 is due to be released around midday. A quick summary of foreign exchange activity heading into Tuesday: EUR/USD fell to 1.1434 from 1.1441 at the Monday US close but was above a level of 1.1417 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for July 23. GBP/USD fell to 1.3388 from 1.3391 at the Monday US close but was above a level of 1.3338 at the same time Monday morning. UK home prices rebounded in June after a decline in May, lifting the year-over-year rate, according to data released earlier Tuesday. Bank of England policy board member Catherine Mann is due to speak at 12:15 pm ET. The next Bank of England meeting is.