07:47 AM EST, 12/26/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the euro, after the holiday break and before a light data release schedule.

Weekly jobless claims are due to be released at 8:30 am ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD rose to 1.0396 from 1.0391 at the Tuesday US close before the holiday but was down from 1.0400 at the same time Tuesday morning. There are no Eurozone data on Thursday's schedule. The next European Central Bank meeting is scheduled for Jan. 30.

GBP/USD fell to 1.2522 from 1.2530 at the Tuesday US close and 1.2548 at the same time Tuesday morning. There are no UK data on Thursday's schedule. The next Bank of England meeting is scheduled for Feb. 6.

USD/JPY rose to 157.6130 from 157.2981 at the Tuesday US close and 157.1042 at the same time Tuesday morning. Japanese construction orders declined sharply in November according to data released overnight. The next Bank of Japan meeting is scheduled for Jan. 23-24.

USD/CAD rose to 1.4397 from 1.4356 at the Tuesday US close but was below a level of 1.4417 at the same time Tuesday morning. There are no Canadian data on Thursday's schedule. The next Bank of Canada meeting is scheduled for Jan. 29.