08:09 AM EST, 02/24/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a gain versus the yen, as the focus turns to the usual end-of-month releases, particularly February consumer confidence data, a revision to Q4 gross domestic product growth and personal income and spending data for January.

The week starts light with only the Chicago Federal Reserve's national index for January at 8:30 am ET and the Dallas Fed's manufacturing index for February at 10:30 am ET.

In addition to consumer confidence, Tuesday's highlights include nonmanufacturing readings from the Philadelphia, Richmond and Dallas Fed banks, weekly Redbook same-store sales and home price data.

Wednesday's releases include weekly mortgage applications data, new home sales, and weekly petroleum stocks inventory data.

The second look at Q4 GDP is due to be released Thursday, along with weekly jobless claims, durable goods orders, pending home sales and weekly natural gas stocks inventory data.

Personal income, spending and price data are due Friday, along with advance trade data, the Chicago purchasing managers' index and Kansas City Fed services data.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.0471 from 1.0460 at the Friday US close and 1.0468 at the same time Friday morning. Eurozone consumer prices declined in January, but the year-over-year rate accelerated modestly, while the year-over-year rate for core prices was the same as in the previous month, data released earlier Monday showed. The next European Central Bank meeting is scheduled for March 5-6.

GBP/USD rose to 1.2640 from 1.2630 at the Friday US close but was below a level of 1.2645 at the same time Friday morning. There are no UK data on Monday's schedule, but Bank of England Deputy Governor David Ramsden is set to speak at 8:15 am ET, followed by policy board member Swati Dhingra at 1:00 pm ET. The next Bank of England meeting is scheduled for March 20.

USD/JPY rose to 149.7910 from 149.1691 at the Friday US close but was below a level of 150.4032 at the same time Friday morning. Monday is a holiday in Japan, so there were no data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD fell to 1.4216 from 1.4229 at the Friday US close but was above a level of 1.4194 at the same time Friday morning. Bank of Canada Deputy Governor Toni Gravelle is due to speak at 8:15 am ET, followed by Canadian corporate profits data for Q4 at 8:30 am ET. The next Bank of Canada meeting is scheduled for March 12.