07:49 AM EDT, 04/10/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday before the release of weekly jobless claims and consumer price data for March, both at 8:30 am ET.

The decline in the dollar occurred even after an announcement by the Trump administration Wednesday afternoon that it was temporarily suspending its tariff increases on most countries, with the notable exception of China.

Dallas Federal Reserve President Lorie Logan is due to speak at 9:30 am ET, followed by testimony from Fed Governor Michelle Bowman and an appearance by Kansas City Fed President Jeffrey Schmid, both at 10:00 am ET.

Natural gas stocks inventory data are due to be released at 10:30 am ET.

Chicago Fed President Austan Goolsbee is expected to speak at 12:00 pm ET, followed by Philadelphia Fed President Patrick Harker at 12:30 pm ET and the US Treasury's monthly budget statement for March at 2:00 pm ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD rose to 1.1079 from 1.0938 at the Wednesday US close and 1.1031 at the same time Wednesday morning. There are no Eurozone data on Thursday's schedule. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD rose to 1.2912 from 1.2805 at the Wednesday US close and 1.2819 at the same time Wednesday morning. UK consumer sentiment improved in April according to data released earlier Thursday. The next Bank of England meeting is scheduled for May 8.

USD/JPY fell to 145.7017 from 147.9025 at the Wednesday US close but was above a level of 145.0916 at the same time Wednesday morning. Japanese producer prices rose more than expected in March, lifting the year-over-year rate, while the rate of growth in bank lending slowed in the same month, according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD fell to 1.4061 from 1.4111 at the Wednesday US close and 1.4188 at the same time Wednesday morning. Canadian building permits data for February are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 16.