07:55 AM EDT, 10/03/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday before a busy day of economic releases, starting with weekly jobless claims at 8:30 am ET.

Services conditions data for September from S&P Global are due to be released at 9:45 am ET, followed by services data from the Institute for Supply Management at 10:00 am ET, at the same time as factory orders and shipments data for August. Weekly natural gas stocks are due to be reported at 10:30 am ET.

Earlier Wednesday, outplacement firm Challenger, Gray & Christmas reported that layoffs intentions slowed in September but were well above year-ago levels. The technology and health care sectors accounted for the most layoffs in the month, while cost-cutting and business conditions were the main reasons.

At the same time, hiring intentions were lifted by seasonal hiring plans, typical for September, but they were below their year-ago level.

Atlanta Federal Reserve President Raphael Bostic is due to appear at 10:40 am ET alongside Minneapolis Fed President Neel Kashkari.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1040 from 1.1050 at the Wednesday US close and 1.1068 at the same time Wednesday morning. The Eurozone services purchasing managers' index declined in September but remained above the breakeven point that indicates expansion, while producer prices rose more than expected in August, according to data released earlier Thursday. The next European Central Bank meeting is scheduled for Oct. 17.

GBP/USD fell to 1.3115 from 1.3271 at the Wednesday US close and 1.3280 at the same time Wednesday morning after Bank of England Governor Andrew Bailey said in a newspaper interview that the BoE could begin to cut interest rates more aggressively if inflation continues to slow. The next Bank of England meeting is scheduled for Nov. 7. Earlier Thursday, UK services PMI declined more then expected in September but still indicated expansion.

USD/JPY rose to 146.9686 from 146.4682 at the Wednesday US close and 144.6539 at the same time Wednesday morning. Japan's services PMI declined in September but remained above the breakeven point, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30-31.

USD/CAD rose to 1.3538 from 1.3496 at the Wednesday US close and 1.3482 at the same time Wednesday morning. There are no Canadian data on Thursday's schedule. The next Bank of Canada meeting is scheduled for Oct. 23.