07:58 AM EST, 02/27/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of a busy day of data releases and appearances by Federal Reserve officials.

Weekly jobless claims, durable goods orders for January and the second estimate of Q4 gross domestic product growth are all due to be released at 8:30 am ET. That will be followed by an appearance by Kansas City Fed President Jeffrey Schmid at 9:15 am ET.

Pending home sales for January are due at 10:00 am ET, at the same time as a speech by Fed Vice Chair for Supervision Michael Barr.

Weekly natural gas stocks inventory data are due at 10:30 am ET, followed by the Kansas City Fed's manufacturing reading for February at 11:00 am ET.

Fed Governor Michelle Bowman is expected to speak at 11:45 am ET and Philadelphia Fed President Patrick Harker is due to speak at 3:00 pm ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.0477 from 1.0487 at the Wednesday US close and 1.0494 at the same time Wednesday morning. Eurozone consumer confidence improved in February but still indicated pessimism as inflation expectations rose, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for March 5-6.

GBP/USD fell slightly to 1.2674 from 1.2675 at the Wednesday US close but was above a level of 1.2655 at the same time Wednesday morning. There are no UK data on Thursday's schedule. The next Bank of England meeting is scheduled for March 20.

USD/JPY rose to 149.6774 from 149.0143 at the Wednesday US close and 149.5459 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.4348 from 1.4342 at the Wednesday US close and 1.4346 at the same time Wednesday morning. Canadian average weekly earnings for December and the Canadian current account for Q4 are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for March 12.