US Dollar Mixed Early Tuesday Ahead, Eyes on Midterm Elections

07:42 AM EST, 11/03/2026 (MT Newswires) -- The US dollar was mixed against its major trading partners early Tuesday - up versus the euro and yen, down versus the pound and Canadian dollar -- as the focus turns to the midterm elections in the US. Democrats are expected to take control of both the Senate and House of Representatives, but there are a few races that remain tight and could shift the balance. Weekly Redbook same-store sales are due to be released at 8:55 am ET, followed by factory orders and job openings data for September at 10:00 am ET. Earlier Tuesday, RealClearMarkets reported that consumer sentiment improved in November, though the gap between investors and non-investors continued to widen. A quick summary of foreign exchange activity heading into Tuesday: EUR/USD fell to 1.1180 from 1.1191 at the Monday US close and 1.1209 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Dec. 17. GBP/USD rose to 1.3414 from 1.3409 at the Monday US close but was below a level of 1.3422 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Thursday, when a 25-basis point rate increase is expected. USD/JPY rose to 158.2241 from 157.9321 at the Monday US close and 157.8491 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for December 17-18. USD/CAD fell to 1.3978 from 1.3993 at the Monday US close but was above a level of 1.3972 at the same time Monday morning. There are no Canadian data on Tuesday's schedule but Bank of Canada Governor Tiff Macklem is due to speak at 12:00 pm ET. The next Bank of Canada meeting is scheduled for Dec. 9.