07:44 AM EDT, 04/01/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Monday as US markets returned from a long weekend and turned their attention to Friday's March employment data.

Monday's schedule includes manufacturing estimates for March from S&P Global at 9:45 am ET, followed by the the Institute for Supply Management's manufacturing report for March and construction data for February, both at 10:00 am ET. Federal Reserve Governor Lisa Cook is expected to speak at 6:50 pm ET.

Tuesday's data highlights include weekly Redbook same store sales, and factory orders and jobs opening data for February. ADP private payrolls for March and services conditions data from S&P Global and ISM are the key data Wednesday.

Challenger layoffs data for March and weekly jobless claims headline Thursday's schedule before the March employment report Friday morning and consumer credit usage data for February Friday afternoon.

The calendar of appearances by Fed officials is full this week, with a speech by Fed Chairman Jerome Powell on Wednesday the key event. Last week, Powell said that the policy setting Federal Open Market Committee will be careful when deciding when to lower rates, saying it would not be appropriate to lower rates until the FOMC sees "more good inflation readings" and the FOMC "will be careful about this decision because we can be."

A quick summary of foreign exchange activity heading into Monday:

EUR-USD fell to 1.0781 from 1.0790 at the Friday close and 1.0796 at the same time Friday morning. There are no Eurozone data on Monday's schedule. The next European Central Bank meeting is scheduled for April 11.

GBP-USD fell to 1.2613 from 1.2618 at the Friday close and was little changed from a level of 1.2612 at the same time Friday morning. The UK remains on holiday Monday, so there are no data scheduled. The next Bank of England meeting is scheduled for May 9.

USD-JPY rose to 151.3531 from 151.3163 at the Friday close and 151.3252 at the same time Friday morning. The Japanese Tankan large manufacturing index slipped in Q1 while the manufacturing purchasing managers' index improved slightly in March but remained below the breakeven point, data released overnight showed. The next Bank of Japan meeting is scheduled for April 25-26.

USD-CAD rose to 1.3543 from 1.3533 at the Friday close but was below a level of 1.3551 at the same time Friday morning. Canadian manufacturing PMI for March is scheduled to be released at 9:30 am ET. The next Bank of Canada meeting is set for April 10.