07:26 AM EDT, 08/27/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday before a lighter data schedule after Tuesday's full slate.

Weekly crude oil stocks inventory data are due at 10:30 am ET, followed by an appearance by Richmond Fed President Tom Barkin at 11:45 am ET.

Earlier Wednesday, the Mortgage Bankers Association said a slight uptick in 30-year fixed-rate mortgage rates reduced refinancing activity in the week ended Aug. 22, but applications for purchases increased to provide some offset.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1582 from 1.1640 at the Tuesday US close and 1.1639 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD fell to 1.3426 from 1.3479 at the Tuesday US close and 1.3475 at the same time Tuesday morning. UK sales activity declined further in August, according to data released earlier Wednesday. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 148.1756 from 147.4380 at the Tuesday US close and 147.5896 at the same time Tuesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3855 from 1.3835 at the Tuesday US close and 1.3851 at the same time Tuesday morning. Canadian wholesale sales data for July are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.