08:08 AM EDT, 03/25/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of a busy schedule of economic data releases and Federal Reserve appearances.

The day starts with the Philadelphia Fed's monthly services reading for March at 8:30 am ET, followed by an appearance by Fed Governor Adriana Kugler at 8:40 am ET.

Weekly Redbook same-store sales are due at 8:55 am ET, followed by home price data for January at 9:00 am ET and an appearance by New York Fed President John Williams at 9:05 am ET.

New home sales data for February, the Richmond Fed's conditions readings for March and consumer confidence data for March are all due to be released at 10:00 am ET.

A second appearance by New York Fed President John Williams is scheduled for 2:35 pm ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.0817 from 1.0802 at the Monday US close but was below a level of 1.0847 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD rose to 1.2946 from 1.2922 at the Monday US close but was below a level of 1.2962 at the same time Monday morning. UK car registrations declined sharply in February while UK retail sector conditions deteriorated further in March, according to data released earlier Tuesday. The next Bank of England meeting is scheduled for May 8.

USD/JPY fell to 150.1351 from 150.6491 at the Monday US close but was above a level of 149.6688 at the same time Monday morning. Japanese department store sales declined in February according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD fell to 1.4285 from 1.4316 at the Monday US close and 1.4317 at the same time Monday morning. Canadian manufacturing sales for February are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 16.