07:46 AM EDT, 09/04/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the pound, ahead of a busy schedule of economic data releases.

ADP private payrolls data for August are due to be released at 8:15 am ET, followed by weekly jobless claims data, international trade data for July and revised Q2 productivity and labor cost data, all at 8:30 am ET.

Service PMI data for August are due to be released at 9:45 am ET and the ISM's services reading will be published at 10:00 am ET.

Weekly natural gas stocks are due to be released at 10:30 am ET followed by weekly petroleum stocks data at 12:00 pm ET. The Atlanta Federal Reserve is due to update its GDP nowcast estimate for Q3 around midday.

New York Fed President John Williams is expected to speak as 12:05 pm ET.

Earlier Thursday, outplacement firm Challenger, Gray & Christmas said that layoff intentions increased in August, led the pharmaceutical and financial sectors.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1653 from 1.1659 at the Wednesday US close but was above a level of 1.1644 at the same time Wednesday morning. Eurozone retail sales fell more than expected in July, slowing the year-over-year rate, according to data released earlier Thursday. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3445 from 1.3440 at the Wednesday US close and 1.3403 at the same time Wednesday morning. UK car registrations declined in August from a year earlier, data released earlier Thursday showed. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 148.3512 from 148.1248 at the Wednesday US close but was below a level of 148.6974 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3825 from 1.3797 at the Wednesday US close and 1.3800 at the same time Wednesday morning. Canadian reserve assets data for August are due to be released at 8:15 am ET followed by trade data for July at 8:30 am ET, the leading index for August at 9:00 am ET and services PMI data for August at 9:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.