07:48 AM EST, 02/29/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a sharp decline against the yen, before the release of weekly jobless claims and personal income, spending, and prices data for January, all at 8:30 am ET.

The Chicago purchasing managers' index for February is set to be released at 9:45 am ET, followed by pending home sales data for January at 10:00 am ET, weekly natural gas stocks at 10:30 am ET, the Kansas City Federal Reserve's manufacturing reading for February at 11:00 am ET and the Atlanta Fed's gross domestic product Nowcast update for Q1 around midday.

Atlanta Fed President Raphael Bostic is set to speak at 10:50 am ET, followed by Chicago Fed President Austan Goolsbee at 11:00 am ET, Cleveland Fed President Loretta Mester at 1:15 pm ET, Goolsbee again at 3:00 pm ET and New York Fed President John Williams at 8:10 pm ET.

Bostic, Mester and Williams all vote on the Federal Open Market Committee in 2024, while Goolsbee next votes in 2025.

A deal to avert a partial government shutdown appears to be in the works on Capitol Hill but, if passed, it would only push the deadlines out a few more weeks, to March 8 for some agencies and to March 22 for others.

A quick summary of foreign exchange activity heading into Thursday:

EUR-USD fell to 1.0830 from 1.0839 at the Wednesday US close but was above a level of 1.0819 at the same time Wednesday morning. There are no Eurozone data on Thursday's schedule. The next European Central Bank meeting is scheduled for March 7.

GBP-USD fell to 1.2645 from 1.2661 at the Wednesday US close and 1.2650 at the same time Wednesday morning. The number of UK mortgage approvals rose more than expected in January, but the amount of those loans declined, data released earlier Thursday showed. The next Bank of England meeting is scheduled for March 21.

USD-JPY declined to 150.0261 from 150.7013 at the Wednesday US close and 150.6365 at the same time Wednesday morning, mostly due to comments from Bank of Japan policy board member Hajime Takata that the BoJ's inflation target is attainable and that a process to exit from the ultra-accommodative monetary policy stance should be studied. Japanese data released overnight showed a rebound in January retail sales but a decline in industrial production in the same month. The next BoJ meeting is set for March 18-19.

USD-CAD rose to 1.3591 from 1.3578 at the Wednesday US close and 1.3583 at the same time Wednesday morning. Preliminary Canadian GDP data for January and revised data for December and Q4 are scheduled to be released at 8:30 am ET. The next Bank of Canada meeting is set for March 6.