07:48 AM EDT, 04/29/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday before a busy data schedule that begins with advance trade for March at 8:30 am ET, followed by weekly Redbook same-store sales at 8:55 am ET.

Home sales data for February are due to be released at 9:00 am ET, followed by job openings data for March and consumer confidence data for April, both at 10:00 am ET.

The Dallas Federal Reserve is due to release its monthly nonmanufacturing reading for April at 10:30 am ET and the Atlanta Fed is expected to update its gross domestic product growth Nowcast reading for Q1 around midday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1386 from 1.1423 at the Monday US close but was above a level of 1.1348 at the same time Monday morning. Eurozone consumer confidence fell further into negative territory in April, indicating heightened pessimism, due to an increase in inflation expectations. The next European Central Bank meeting is scheduled for June 4-5.

GBP/USD fell to 1.3386 from 1.3442 at the Monday US close but was above a level of 1.3337 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for May 8.

USD/JPY rose to 142.6200 from 142.0588 at the Monday US close but was below a level of 143.4588 at the same time Monday morning. Tuesday is a holiday in Japan, so there were no Japanese economic data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD rose to 1.3848 from 1.3818 at the Monday US close but was below a level of 1.3873 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for June 4.