07:34 AM EST, 11/25/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday ahead of a relatively light data schedule that will lead into a packed calendar Tuesday and Wednesday prior to the US Thanksgiving Day holiday Thursday.

Monday's schedule includes the Chicago Federal Reserve's national activity index for October at 8:30 am ET and the Dallas Fed's manufacturing index for November at 10:30 am ET.

Tuesday's highlights include the Philadelphia Fed's nonmanufacturing index, home price data, consumer confidence, new home sales, the Richmond Fed's conditions reading and the minutes of the Nov. 6-7 Federal Open Market Committee.

The second look at Q3 gross domestic product growth, the advance trade report, weekly jobless claims, pending home sales, personal income, spending, and prices are only some of the releases on Wednesday's busy schedule.

Following the holiday Thursday, the only data scheduled Friday are the Chicago purchasing managers' index and an update to the St. Louis Fed's GDP nowcast estimate for Q4.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.0479 from 1.0416 at the Friday US close and 1.0412 at the same time Friday morning. There are no Eurozone data on Monday's schedule, but European Central Bank policy board member Philip Lane is due to speak at 10:30 am ET. The next European Central Bank meeting is scheduled for Dec. 12.

GBP/USD rose to 1.2565 from 1.2531 at the Friday US close and 1.2512 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for Dec. 19.

USD/JPY fell to 154.4442 from 154.8091 at the Friday US close but was above a level of 154.3943 at the same time Friday morning. The Japanese leading and coincident readings rose solidly in September though at slower rates than in the previous month. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD fell to 1.3975 from 1.3978 at the Friday US close and 1.3998 at the same time Friday morning. Canadian corporate profits for Q3 and manufacturing sales for October are set to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Dec. 11.