07:43 AM EDT, 09/10/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the pound, ahead of the release of producer price data for August at 8:30 am ET and the wholesale inventory and sales data for July at 10:00 am ET.

Weekly crude oil stocks data are due to be released at 10:30 am ET and the Atlanta Federal Reserve is expected to update its GDP nowcast estimate for Q3 around midday.

Earlier Wednesday, the Mortgage Bankers Association said that a decline in mortgage rates pushed mortgage applications higher in the week ended Sept. 5.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1702 from 1.1707 at the Tuesday US close and 1.1752 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for Thursday, when no change in interest rates is expected.

GBP/USD rose to 1.3536 from 1.3520 at the Tuesday US close but was below a level of 1.3575 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 147.4690 from 147.4529 at the Tuesday US close and 146.5735 at the same time Tuesday morning. Overnight, the Reuters Tankan index should improvement in Japanese business conditions in September. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3858 from 1.3857 at the Tuesday US close and 1.3806 at the same time Tuesday morning. Canadian consumer sentiment data for September are due to be released at 11:00 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.