07:51 AM EST, 12/24/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the yen, as markets look forward to an early 1:00 pm ET close for equities and 2:00 pm ET close for bonds ahead of Wednesday's holiday.

The Philadelphia Federal Reserve's nonmanufacturing conditions data for December are due for release at 8:30 am ET, followed by weekly Redbook same store sales at 8:55 am ET.

The Richmond Fed's conditions readings for manufacturing and services are due at 10:00 am ET and the Atlanta Fed is expected to update its GDP nowcast estimate around midday.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD fell to 1.0398 from 1.0407 at the Monday US close but was slightly above a level of 1.0396 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Jan. 30.

GBP/USD fell slightly to 1.2536 from 1.2537 at the Monday US close but was above a level of 1.2530 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 fell to 157.0902 from 157.1377 at the Monday US close but was above a level of 156.9440 at the same time Monday morning. Japanese core CPI growth accelerated in the most recent estimate released overnight. The next Bank of Japan meeting is scheduled for Jan. 23-24.

USD/CAD rose to 1.4408 from 1.4371 at the Monday US close but was below a level of 1.4413 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for Jan. 29.