07:29 AM EDT, 08/28/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday ahead of a relatively quiet day that includes data on weekly crude oil stocks at 10:30 am ET and an appearance by Atlanta Federal Reserve Bank President Raphael Bostic, a voter on the Federal Open Market Committee, at 6:00 pm ET.

Earlier Wednesday, the Mortgage Bankers Association said mortgage applications in the week ended Aug. 23 were lifted by a fourth straight weekly decline in mortgage rates to their lowest point since April 2023.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1124 from 1.1184 at the Tuesday US close and 1.1167 at the same time Tuesday morning. Eurozone money supply rose less than expected in July, while loan growth was in line with forecasts, data released earlier Wednesday showed. The next European Central Bank meeting is scheduled for Sept. 12.

GBP/USD fell to 1.3220 from 1.3261 at Tuesday US close but was up from a level of 1.3216 at the same time Tuesday morning. There are no UK data on Wednesday's schedule, but Bank of England policy board member Catherine Mann is due to speak at 8:15 am ET. The next BoE meeting is scheduled for Sept. 19.

USD/JPY rose to 144.4621 from 143.9786 at the Tuesday US close but below a level of 144.7885 at the same time Tuesday morning. The Japanese leading index declined less than expected in June, but the coincident index fell more than forecast, both following gains in May, according to data released overnight. The next Bank of Japan meeting is scheduled for Sept. 19-20.

USD/CAD rose to 1.3458 from 1.3447 at the Tuesday US close but was below a level of 1.3465 at the same time Tuesday morning. There are no Canadian data on Wednesday's schedule. The next Bank of Canada meeting is scheduled for Sept. 4.