07:51 AM EDT, 04/02/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for an increase against the yen, ahead of a busy day of economic data releases and appearances by Federal Reserve officials.

The dollar got a boost from an unexpected increase in the ISM's manufacturing index for March on Monday morning that showed expansion for the first time since September 2022.

Weekly Redbook same-store sales are due to be released at 8:55 am ET, followed by factory orders and job openings data for February, both at 10:00 am ET.

Fed Governor Michelle Bowman is scheduled to speak at 10:10 am ET, then New York Fed President John Williams at 12:00 pm ET, Cleveland Fed President Loretta Mester at 12:05 pm ET and San Francisco Fed President Mary Daly at 1:30 pm ET. All vote on the Federal Open Market Committee in 2024.

A quick summary of foreign exchange activity heading into Tuesday:

EUR-USD rose slightly to 1.0745 from 1.0743 at the Monday US close but was below a level of 1.0781 at the same time Monday morning. Eurozone manufacturing PMI fell further below the breakeven point in March, indicating faster contraction, data released earlier Tuesday showed. The next European Central Bank meeting is scheduled for April 11.

GBP-USD rose to 1.2565 from 1.2551 at the Monday US close but was below a level of 1.2611 at the same time Monday morning. UK manufacturing PMI moved back above the breakeven point in March, now suggesting modest expansion, according to data released earlier Tuesday. UK home price data also released overnight showed small decline in March but an acceleration in the year-over-year rate. The next Bank of England meeting is scheduled for May 9.

USD-JPY rose to 151.6898 from 151.6569 at the Monday US close and 151.3567 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for April 25-26.

USD-CAD fell modestly to 1.3567 from 1.3571 at the Monday US close but was above a level of 1.3540 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is set for April 10.