US Dollar Rises Early Wednesday Ahead of Consumer Prices, Beige Book

07:38 AM EDT, 10/14/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the pound, ahead of the release of consumer price data for September at 8:30 am ET and the Federal Reserve's Beige Book report at 2:00 pm ET. Richmond Fed President Tom Barkin is due to speak at 1:30 pm ET, followed by Chicago Fed President Austan Goolsbee at 3:00 pm ET and Fed Vice Chair for Supervision Michelle Bowman at 10:55 pm ET Wednesday evening. Earlier Wednesday, the Mortgage Bankers Association reported that mortgage applications declined in the week ended Oct. 9 due to a further increase in mortgage rates. A quick summary of foreign exchange activity heading into Wednesday: EUR/USD fell to 1.1193 from 1.1200 at the Tuesday US close but was above a level of 1.1185 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule, but European Central Bank policy board member Isabel Schnabel is due to speak at 12:15 pm ET. The next European Central Bank meeting is scheduled for Oct. 29. GBP/USD rose to 1.3265 from 1.3255 at the Tuesday US close and 1.3242 at the same time Tuesday morning. There are no UK data on Wednesday's schedule, but Bank of England Chief Economist Huw Pill suggested overnight that the BOE may not need to raise rates as much as markets are expecting. The next Bank of England meeting is scheduled for Nov. 5. USD/JPY rose to 158.4471 from 158.3332 at the Tuesday US close and 158.0482 at the same time Tuesday morning. The Japanese money supply increased in September according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30. USD/CAD rose to 1.4222 from 1.4220 at the Tuesday US close but was below a level of 1.4247 at the same time Tuesday morning. Canadian building permits data for August are due to be released at 8:30 am ET, followed by Canadian consumer sentiment data for October at 11:00 am ET. The next Bank of Canada meeting is scheduled for Oct. 28.