07:52 AM EDT, 05/14/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Wednesday, except for a gain versus the Canadian dollar, with the focus on appearances by Federal Reserve officials.

Fed Vice Chair Philip Jefferson is due to speak at 9:10 am ET and San Francisco Fed President Mary Daly is scheduled to speak at 5:40 pm ET.

Weekly petroleum stocks inventory data are expected to be released at 10:30 am ET.

The Mortgage Bankers Association said earlier Wednesday mortgage rates were roughly steady in the week ended May 9, lifting purchase applications while refinance applications fell slightly.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD rose to 1.1227 from 1.1190 at the Tuesday US close and 1.1106 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for June 4-5.

GBP/USD rose to 1.3341 from 1.3307 at the Tuesday US close and 1.3207 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for June 19.

USD/JPY fell to 146.0563 from 147.4295 at the Tuesday US close and 148.0694 at the same time Tuesday morning. Japan's producer price index rose as expected in April, though at a slower pace than in the previous month, according to data released overnight. The next Bank of Japan meeting is scheduled for June 16-17.

USD/CAD rose to 1.3937 from 1.3933 at the Tuesday US close but was below a level of 1.3986 at the same time Tuesday morning. Canada building permits and new motor vehicle sales data for March are due to be released at 8:30 am ET, followed by consumer sentiment data for May at 11:00 am ET. The next Bank of Canada meeting is scheduled for June 4.