07:53 AM EDT, 03/18/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the euro, ahead of another busy day of economic data releases.

Home building data for February, import and export price data for February and the New York Federal Reserve's services reading for March are all due to be released at 8:30 am ET.

Weekly Redbook same-store sales are due to be released at 8:55 am ET, followed by industrial production data for February at 9:15 am ET. The Atlanta Fed's gross domestic product Nowcast estimate for Q1 is due to be updated around midday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.0936 from 1.0922 at the Monday US close and 1.0910 at the same time Monday morning. The Eurozone trade surplus narrowed much more than expected in January and Eurozone economic sentiment improved in March, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD fell to 1.2988 from 1.2992 at the Monday US close but was above a level of 1.2976 at the same time Monday morning. There are no UK data on Tuesday's schedule. The next Bank of England meeting is scheduled for Thursday, when no change in rates is expected.

USD/JPY rose to 149.6057 from 149.1719 at the Monday US close and 148.4991 at the same time Monday morning. Japanese services purchases declined in January according to data released overnight. The Bank of Japan meeting is expected to release its interest rate decision around 10:30 pm ET Tuesday evening. No change in rates is expected.

USD/CAD rose to 1.4288 from 1.4283 at the Monday US close but was below a level of 1.4352 at the same time Monday morning. Canada's consumer price index data for February are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 16.