07:47 AM EDT, 10/22/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the yen, ahead of a quiet day that includes only weekly petroleum stocks inventory data at 10:30 am ET and an appearance by Federal Reserve Governor Michael Barr at 4:00 pm ET.

Barr is not expected to make any comments on monetary policy or the economy as Fed officials remain in their 'quiet period' ahead of the Oct. 28-29 Federal Open Market Committee meeting.

Earlier Wednesday, the Mortgage Bankers Association said mortgage applications declined slightly in the week ended Oct. 17, with refinance applications higher due to a slight decline in mortgage rates, while purchase applications fell.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1587 from 1.1601 at the Tuesday US close and 1.1618 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule, but European Central Bank President Christine Lagarde is due to speak at 8:25 am ET. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3316 from 1.3372 at the Tuesday US close and 1.3383 at the same time Tuesday morning. UK consumer prices were steady in September, according to data released overnight, while the year-over-year rates were below expectations. Bank of England Deputy Governor Sam Woods is due to speak at 4:00 pm ET. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY fell to 151.7963 from 151.9246 at the Tuesday US close and 151.8623 at the same time Tuesday morning. The Japanese trade deficit narrowed in September, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.4026 from 1.4016 at the Tuesday US close but was below a level of 1.4047 at the same time Tuesday morning. There are no Canadian data on Wednesday's schedule. The next Bank of Canada meeting is scheduled for Oct. 29.