07:38 AM EDT, 06/10/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Wednesday, except against the yen, ahead of the release of consumer price data for May at 8:30 am ET.

Weekly petroleum stocks data are due to be released at 10:30 am ET, followed by the US Treasury's monthly budget statement at 2:00 pm ET.

Earlier Wednesday, the Mortgage Bankers Association reported that mortgage applications rebounded by 10.8% in the week ended June 5 after a decline in the holiday-shortened previous week. Average mortgage rates rose modestly in the current week.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1553 from 1.1542 at the Tuesday US close but was below a level of 1.1567 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for Thursday, when a 25-basis point rate increase is expected.

GBP/USD rose slightly to 1.3381 from 1.3380 at the Tuesday US close but was below a level of 1.3396 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for June 18.

USD/JPY rose to 160.5051 from 160.4187 at the Tuesday US close and 160.1700 at the same time Tuesday morning. Japanese producer prices rose more than expected in May, lifting the year-over-year rate, according to data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.

USD/CAD fell to 1.3930 from 1.3949 at the Tuesday US close and 1.3932 at the same time Tuesday morning. The Bank of Canada is expected to hold its policy rate steady in its policy announcement scheduled for 9:45 am ET. After that, Canadian consumer sentiment data for June are due to be released at 11:00 am ET.