07:32 AM EDT, 10/23/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of a busy economic data schedule, starting with the Chicago Federal Reserve's national activity index for September at 8:30 am ET.

Existing home sales data for September are due to be released at 10:00 am ET, at the same time as an appearance by Fed Vice Chair for Supervision Michelle Bowman and followed by an appearance by Fed Governor Michael Barr at 10:25 am ET.

Bowman and Barr are not expected to make any comments on monetary policy or the economy as Fed officials remain in their 'quiet period' ahead of the Oct. 28-29 Federal Open Market Committee meeting.

Weekly natural gas stocks data are set to be released at 10:30 am ET and the Kansas City Fed is due to release its manufacturing reading for October at 11:00 am ET.

Weekly jobless claims data are again delayed due to the government shutdown.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1588 from 1.1606 at the Wednesday US close but was slightly above a level of 1.1586 at the same time Wednesday morning. European Central Bank policy board member Philip Lane is due to speak at 9:30 am ET, followed by Eurozone consumer confidence data for October at 10:00 am ET. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3337 from 1.3357 at the Wednesday US close but was above a level of 1.3314 at the same time Wednesday morning. UK new orders expectations decline further in October, according to data released earlier Thursday. Bank of England policy board member Swati Dhingra is due to speak at 9:00 am ET, followed by UK consumer confidence data for October at 7:01 pm ET. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY rose to 152.7490 from 151.9841 at the Wednesday US close and 151.7606 at the same time Wednesday morning. Japanese foreign bond buying declined in the most recent week, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.3999 from 1.3986 at the Wednesday US close but was below a level of 1.4023 at the same time Wednesday morning. Canadian retail sales data for August are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 29.