07:37 AM EDT, 03/12/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen, ahead of the release of weekly jobless claims and trade and housing starts data for January, all at 8:30 am ET.

Weekly natural gas stocks inventory data are due to be released at 10:30 am ET and the Atlanta Federal Reserve is due to release an update to its Q1 gross domestic product Nowcast around midday.

Federal Reserve Vice Chair of Supervision Michelle Bowman is due to speak at 11:00 am ET on the topic of bank capital rules but is not expected to make comments on the economy or monetary policy due to the ongoing Fed 'quiet period.'

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1558 from 1.1574 at the Wednesday US close and 1.1608 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 19.

GBP/USD fell to 1.3393 from 1.3418 at the Wednesday US close and 1.3446 at the same time Wednesday morning. UK consumer sentiment declined in March, according to data released earlier Thursday. The next Bank of England meeting is scheduled for March 19.

USD/JPY fell to 158.6969 from 158.9538 at the Wednesday US close but was above a level of 158.2913 at the same time Wednesday morning. Japanese large manufacturing industry conditions declined in Q1, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.3589 from 1.3585 at the Wednesday US close and 1.3571 at the same time Wednesday morning. Canadian wholesale sales, vehicle sales, building permits and international trade data, all for January, are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for March 18.