07:35 AM EDT, 06/10/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, ahead of a light data release day.

Earlier Tuesday, the National Federation for Independent Business reported that small business sentiment improved modestly but that uncertainty remains. Taxes were cited as the largest problem by 18% of respondents, above labor quality and inflation for the first time since December 2020.

Weekly Redbook same-store sales are due to be released at 8:55 am ET.

Federal Reserve officials are in their 'quiet period' ahead of the next Federal Open Market Committee meeting on June 17-18.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.1424 from 1.1425 at the Monday US close but was above a level of 1.1420 at the same time Monday morning. Eurozone investor confidence rose in June to indicate slightly more optimism than pessimism, according to data released earlier Tuesday. European Central Bank President Christine Lagarde is due to speak at 11:15 pm ET. The next European Central Bank meeting is scheduled for July 24.

GBP/USD fell to 1.3501 from 1.3559 at the Monday US close and 1.3560 at the same time Monday morning. UK employment and earnings growth slowed in April while the unemployment rate increased, according to data released overnight. The next Bank of England meeting is scheduled for June 19.

USD/JPY rose to 144.5864 from 144.5770 at the Monday US close and 144.1785 at the same time Monday morning. Japanese machine tool orders growth slowed in May while money stock growth accelerated according to data release overnight. The next Bank of Japan meeting is scheduled for June 16-17.

USD/CAD rose to 1.3698 from 1.3685 at the Monday US close and 1.3675 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for July 30.