07:36 AM EDT, 03/11/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for a gain versus the yen, ahead of the release of weekly Redbook same-store sales at 8:55 am ET and job openings data for January at 11:00 am ET.

Earlier Tuesday, the National Federation of Independent Business said uncertainty remained high, pulling down the overall index, but most of the components still indicate more optimism than pessimism.

Federal Reserve officials are in their 'quiet period' ahead of the March 18-19 Federal Open Market Committee meeting.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.0887 from 1.0832 at the Monday US close and 1.0842 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 1.2924 from 1.2877 at the Monday US close and 1.2913 at the same time Monday morning. The next Bank of England meeting is scheduled for March 20.

USD/JPY rose to 147.5800 from 147.2831 at the Monday US close and 147.0204 at the same time Monday morning. Japanese GDP growth accelerated in Q4, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD fell to 1.4411 from 1.4442 at the Monday US close but was above a level of 1.4388 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for Wednesday, when a 25 basis point rate reduction is expected.