07:30 AM EST, 12/30/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday to start off another quiet week broken up by the New Year's Day holiday on Wednesday.

Monday's calendar includes the Chicago PMI report for December at 9:45 am ET, followed by pending home sales data for November at 10:00 am ET and the Dallas Federal Reserve's manufacturing report for December at 10:30 am ET.

Highlights on Tuesday include Redbook same-store sales, home price data and the Dallas Fed's nonmanufacturing index.

After the holiday on Wednesday, the schedule on Thursday will be busy, with weekly mortgage applications data, weekly jobless claims, S&P Global manufacturing data, construction spending and weekly crude oil stocks data.

The week ends on Friday with ISM manufacturing data and weekly natural gas stocks, as well as an appearance by Richmond Federal Reserve President Tom Barkin.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.0448 from 1.0425 at the Friday US close and 1.0438 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for Jan. 30.

GBP/USD rose to 1.2603 from 1.2579 at the Friday US close and 1.2561 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Feb. 6.

USD/JPY fell to 157.6150 from 157.8901 at the Friday US close and 157.6272 at the same time Friday morning. The Japanese manufacturing PMI rose slightly more than expected in December but still indicated contraction, data released overnight showed. The next Bank of Japan meeting is scheduled for Jan. 23-24.

USD/CAD fell to 1.4374 from 1.4416 at the Friday US close and 1.4389 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for Jan. 29.