07:24 AM EDT, 06/24/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday before the release of current account data for Q1 at 8:30 am ET and new home sales activity for May at 10:00 am ET.

Weekly crude oil stocks data are due to be released at 10:30 am ET.

Earlier Wednesday, the Mortgage Bankers Association said that mortgage applications increased in the week ended June 19, led by higher refinancing applications that were partially offset by a drop in purchase applications. Mortgage rates declined slightly.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1340 from 1.1381 at the Tuesday US close and 1.1402 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for July 23.

GBP/USD fell to 1.3157 from 1.3197 at the Tuesday US close and 1.3221 at the same time Tuesday morning. There are no UK data on Wednesday's schedule, but Bank of England policy board member Swati Dhringa is due to speak at 11:00 am ET, followed by policy board member Huw Pill at 12:30 pm ET. The next Bank of England meeting is scheduled for July 30.

USD/JPY rose to 161.6998 from 161.5620 at the Tuesday US close and 161.4620 at the same time Tuesday morning. May Japanese corporate services price growth was in line with the previous month, according to data released overnight. Bank of Japan Governor Kazuo Ueda is due to speak at 4:00 pm ET. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.4227 from 1.4208 at the Tuesday US close and 1.4187 at the same time Tuesday morning. Canadian manufacturing sales for May are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 15.