07:36 AM EDT, 09/24/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday ahead of the release of new home sales data for August at 10:00 am ET and weekly oil stocks inventory data at 10:30 am ET.

San Francisco Fed President Mary Daly is due to speak at 4:10 pm ET.

Earlier Wednesday, the Mortgage Bankers Association said mortgage applications rose further in the week ended Sept. 19, lifted by a further reduction in mortgage rates to their lowest point since September 2024.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.1751 from 1.1818 at the Tuesday US close and 1.1799 at the same time Tuesday morning. There are no Eurozone data on Wednesday's calendar. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3462 from 1.3525 at the Tuesday US close and 1.3518 at the same time Tuesday morning. There are no UK data on Wednesday's schedule. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY rose to 148.4252 from 147.6146 at the Tuesday US close and 147.7085 at the same time Tuesday morning. Japan's manufacturing purchasing managers' index fell further below the breakeven point in September to indicate faster contraction, while the services PMI reading indicated modest expansion, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.3875 from 1.3839 at the Tuesday US close and 1.3830 at the same time Tuesday morning. Canadian manufacturing sales data for August are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 29.