07:33 AM EDT, 08/13/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Wednesday ahead of a light schedule that includes weekly oil stocks inventory data at 10:30 am ET and appearances by Chicago Fed President Austan Goolsbee at 1:00 pm ET and Atlanta Fed President Raphael Bostic at 1:30 pm ET.

Earlier Wednesday, the Mortgage Bankers Association said a further decline in mortgage rates lifted mortgage applications in the week ended Aug. 8. Refinancing activity reached its highest point since April.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1721 from 1.1675 at the Tuesday US close and 1.1609 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3569 from 1.3495 at the Tuesday US close and 1.3460 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY fell to 147.4372 from 147.7587 at the Tuesday US close and 148.4651 at the same time Tuesday morning. Japanese business conditions improved in August, according to data released overnight. Japanese producer prices rebounded in July from a June decline, but the year-over-year rate slowed, while Japanese machine tool orders rose sharply from a year earlier. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD fell to 1.3761 from 1.3777 at the Tuesday US close and 1.3796 at the same time Tuesday morning. Canadian consumer sentiment data for August are due to be released at 11:00 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.