07:42 AM EDT, 10/02/2024 (MT Newswires) -- The US dollar was mixed against its major trading partners early Wednesday ahead of the release of ADP private payrolls for September at 8:15 am ET and weekly petroleum stocks data at 10:30 am ET.

Earlier Wednesday, the Mortgage Bankers Association said mortgage applications declined in the week ended Sept. 27 due to a slight uptick in mortgage rates. Refinancing activity declined but purchase applications increase as inventories of homes for sales continue to rise, MBA said.

Federal Reserve Governor Michelle Bowman is scheduled to speak at 11:00 am ET, followed by Richmond Fed President Tom Barkin at 12:15 pm ET.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD was little changed at 1.1069 from 1.1068 at the Tuesday US close but was below a level of 1.1087 at the same time Tuesday morning. The Eurozone unemployment rate held steady in August, according to data released earlier Wednesday. European Central Bank Vice President Luis de Guindos said overnight that the ECB expects the economic recovery to continue to strengthen, Reuters reported. ECB policy board member Isabel Schnabel is set to speak at 12:45 pm ET. The next European Central Bank meeting is scheduled for Oct. 17.

GBP/USD fell slightly to 1.3279 from 1.3280 at the Tuesday US close and was below a level of 1.3324 at the same time Tuesday morning. There are no UK data on Wednesday's schedule, but Bank of England policy board member Huw Pill is due to speak at 10:00 am ET. The next Bank of England meeting is scheduled for Nov. 7.

USD/JPY rose to 144.7896 from 143.5750 at the Tuesday US close and 143.7467 at the same time Tuesday morning. Japanese household confidence improved slightly in September, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30-31.

USD/CAD fell to 1.3483 from 1.3491 at the Tuesday US close and 1.3525 at the same time Tuesday morning. There are no Canadian data on Wednesday's schedule. The next Bank of Canada meeting is scheduled for Oct. 23.