07:40 AM EDT, 03/26/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the Canadian dollar, ahead of durable goods orders data for February at 8:30 am ET.

An appearance by Minneapolis Federal Reserve President Neel Kashkari is scheduled for 10:00 am ET, followed by weekly energy stocks inventory data at 10:30 am and the Atlanta Fed's gross domestic product growth Nowcast estimate for Q1 around midday.

Earlier Wednesday, the Mortgage Bankers Association said mortgage applications declined in the week ended March 21, while mortgage rates were little changed in the week.

A quick summary of foreign exchange activity heading into Wednesday:

EUR/USD fell to 1.0791 from 1.0795 at the Tuesday US close and 1.0821 at the same time Tuesday morning. There are no Eurozone data on Wednesday's schedule. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD fell to 1.2907 from 1.2946 at the Tuesday US close and 1.2951 at the same time Tuesday morning. UK consumer prices rebounded less than expected in February after a January decline, while the year-over-year rates for both overall and core CPI slowed, according to data released earlier Wednesday. UK Chancellor Rachel Reeves' budget estimate is expected to be released around 8:30 am ET. The next Bank of England meeting is scheduled for May 8.

USD/JPY rose to 150.1750 from 149.8934 at the Tuesday US close but was below a level of 150.2009 at the same time Tuesday morning. The Japanese leading index rose more than expected in January, though at a slower pace than in the previous month, according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD fell to 1.4250 from 1.4281 at the Tuesday US close and 1.4285 at the same time Tuesday morning. Canadian wholesale sales data for February are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 16.