07:33 AM EDT, 05/27/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the euro, ahead of the release of weekly Redbook same-store sales at 8:55 am ET.

The Richmond Federal Reserve's business conditions readings for May are due to be released at 10:00 am ET, followed by the Dallas Fed's non-manufacturing survey for May at 10:30 am ET.

Fed Governor Lisa Cook is due to speak at 3:55 pm ET, followed by Fed Vice Chair Philip Jefferson at 8:00 pm ET.

Earlier Wednesday, the Mortgage Bankers Association reported that mortgage activity plunged in the week ended May 22 due to another jump in mortgage rates to the highest level since August 2025.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1640 from 1.1632 at the Tuesday US close but was below a level of 1.1643 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule, but European Central Bank policy board member Philip Lane is due to speak at 8:00 am ET. The next European Central Bank meeting is scheduled for June 11.

GBP/USD fell to 1.3441 from 1.3448 at the Tuesday US close and 1.3487 at the same time Tuesday morning. UK car registrations declined sharply in April, but the year-over-year rate accelerated, according to data released overnight. The next Bank of England meeting is scheduled for June 18.

USD/JPY rose to 159.4006 from 159.3122 at the Tuesday US close and 159.1480 at the same time Tuesday morning. There were no Japanese data released overnight, but Bank of Japan Governor Kazuo Ueda said that oil price jumps can have a longer-term impact on other prices and not necessarily be temporary. The next Bank of Japan meeting is scheduled for June 15-16.

USD/CAD rose to 1.3833 from 1.3811 at the Tuesday US close and 1.3803 at the same time Tuesday morning. Canadian wholesale sales data for April are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for June 10.