07:32 AM EDT, 07/23/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, ahead of a busy day of economic data releases after a relatively quiet Monday.

The Philadelphia Fed's nonmanufacturing index for July is due to be released at 8:30 am ET, followed by weekly Redbook same store sales at 8:55 am ET.

Existing home sales data for June and the Richmond Fed's manufacturing and services readings for July are due to be released at 10:00 am ET.

Federal Reserve officials remain in their 'quiet period' leading up to the July 30-31 Federal Open Market Committee meeting.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.0861 from 1.0888 at the Monday US close and 1.0892 at the same time Monday morning. Eurozone consumer confidence data for July is set to be released at 10:00 am ET. The next European Central Bank meeting is scheduled for Sept. 12.

GBP/USD fell to 1.2901 from 1.2929 at the Monday US close and 1.2938 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Aug. 1.

USD/JPY fell to 156.1586 from 157.0913 at the Monday US close and 156.8338 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.3756 from 1.3753 at the Monday US close and 1.3748 at the same time Monday morning. Canadian new home price data for June is set to be released at 8:30 am ET. The Bank of Canada meets Wednesday when a 25 basis point interest rate reduction is expected.