07:52 AM EDT, 09/23/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of a busy day of economic data releases and appearances by Federal Reserve officials, particularly Fed Chairman Jerome Powell.

Current account data for Q2 and the Philadelphia Fed's nonmanufacturing reading for September are due to be released at 8:30 am ET, at the same time as an appearance by Chicago Fed President Austan Goolsbee.

Weekly Redbook same-store sales are due at 8:55 am ET, followed by an appearance by Fed Vice Chair for Supervision Michelle Bowman at 9:00 am ET.

The S&P Global flash manufacturing and services readings for September are due to be released at 9:45 am ET, followed the Richmond Fed's manufacturing and services readings for September at 10:00 am ET, at the same time as an appearance by Atlanta Fed President Raphael Bostic.

Powell is scheduled to speak on the economic outlook at 12:35 pm.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1799 from 1.1800 at the Monday US close but was above a level of 1.1773 at the same time Monday morning. The Eurozone's manufacturing purchasing managers' index declined in September while services PMI improved, according to preliminary estimates released earlier Tuesday. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3507 from 1.3517 at the Monday US close but was above a level of 1.3499 at the same time Monday morning. UK manufacturing PMI declined in September to suggest more widespread contraction, according to data released earlier Tuesday, while the services PMI fell but still indicates modest expansion. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY rose to 147.7618 from 147.7154 at the Monday US close but was below a level of 147.8520 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.3827 from 1.3821 at the Monday US close and 1.3806 at the same time Monday morning. Canadian new home price data for August are due to be released at 8:30 am ET, followed by an appearance by Bank of Canada Governor Tiff Macklem at 2:15 pm ET. The next Bank of Canada meeting is scheduled for Oct. 29.