07:36 AM EST, 01/28/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of an extremely busy schedule of economic releases, starting with durable goods orders data for December at 8:30 am ET.

Weekly Redbook same-store sales are due to be released at 8:55 am ET, followed by home price data for November at 9:00 am ET.

The Richmond Federal Reserve's business conditions report for January, state level unemployment data for December and consumer confidence for January are all due at 10:00 am ET.

The Dallas Fed's nonmanufacturing reading for January is expected at 10:30 am ET and the Atlanta Fed is expected to update its Q4 gross domestic product growth Nowcast estimate around midday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.0426 from 1.0488 at the Monday US close and 1.0510 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule, but European Central Bank President Christine Lagarde is due to speak at 12:00 pm ET. The next European Central Bank meeting is scheduled for Thursday, when a 25 basis point rate reduction is expected.

GBP/USD fell to 1.2426 from 1.2490 at the Monday US close and 1.2495 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Feb. 6.

USD/JPY rose to 155.4246 from 154.5916 at the Monday US close and 153.9906 at the same time Monday morning. Japanese corporate services prices rose less than expected in December, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.4414 from 1.4374 at the Monday US close and 1.4366 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for Wednesday, when a 25 basis point rate reduction is expected.