07:58 AM EDT, 04/08/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday ahead of another quiet economic calendar, with the Redbook same-store sales at 8:55 am ET and an appearance by San Francisco Fed President Mary Daly at 2:00 pm ET.

Earlier Tuesday, the National Federation of Independent Business said its monthly sentiment reading declined for the third straight month in March, reflecting downturns in seven of its 10 components, led by the economic outlook. The NFIB cited increased uncertainty among small business owners.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.0926 from 1.0918 at the Monday US close but was below a level of 1.0960 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 1.2759 from 1.2718 at the Monday US close but was below a level of 1.2828 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for May 8.

USD/JPY fell to 146.8483 from 147.9590 at the Monday US close but was above a level of 146.2347 at the same time Monday morning. The Japanese current account surplus widened in February while Japanese business sentiment remain pessimistic, according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD fell to 1.4200 from 1.4247 at the Monday US close and 1.4257 at the same time Monday morning. The Canadian Ivey Purchasing Managers Index survey for March, a measure of economic activity, is due to be released at 10:00 am ET. The next Bank of Canada meeting is scheduled for April 16.