07:23 AM EDT, 07/15/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the pound, ahead of producer price data for June and the New York Federal Reserve's Empire State manufacturing survey for July, both at 8:30 am ET.

New York Fed President John Williams is due to speak at 8:45 am ET, and Fed Chair Kevin Warsh is scheduled to begin his second day of testimony at 10:00 am ET.

Weekly crude oil stocks data are set for release at 10:30 am ET, followed by an appearance by Fed Governor Lisa Cook at 1:00 pm ET and the Fed's Beige Book report at 2:00 pm ET.

Earlier Wednesday, the Mortgage Bankers Association reported that mortgage applications fell further in the week ended July 10 as average 30-year mortgage rates climbed to their highest level since August 2025.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1413 from 1.1421 at the Tuesday US close, but was above 1.1395 at the same time Tuesday morning. Eurozone industrial production declined in May and was down year-over-year, according to data released earlier Wednesday. The next European Central Bank meeting is scheduled for July 23.

GBP/USD rose to 1.3399 from 1.3390 at the Tuesday US close and 1.3372 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for July 30.

USD/JPY rose to 162.3547 from 162.2072 at the Tuesday US close and 162.2584 at the same time Tuesday morning. Japanese business conditions were unchanged in July, while core machinery orders and services orders declined in May, according to data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.4068 from 1.4066 at the Tuesday US close, but was below a level of 1.4110 at the same time Tuesday morning. The Bank of Canada is expected to hold its policy rate steady when its interest rate decision is announced at 9:45 am ET. Before that, data on wholesale, manufacturing, and motor vehicle sales and the capacity utilization rate, all for May, are due to be released at 8:30 am ET.