07:45 AM EDT, 03/13/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen, before the release of weekly jobless claims data and producer price data for February, both at 8:30 am ET.

Weekly natural gas stocks data follows at 10:30 am ET.

Federal Reserve officials are in quiet period ahead of the March 18-19 Federal Open Market Committee meeting.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.0869 from 1.0892 at the Wednesday US close and 1.0906 at the same time Wednesday morning. Eurozone industrial production rose more than expected in January, according to data released earlier Thursday. European Central Bank President Christine Lagarde is due to speak at 1:00 pm ET. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD fell to 1.2953 from 1.2968 at the Wednesday US close but was above a level of 1.2943 at the same time Wednesday morning. The next Bank of England meeting is scheduled for March 20.

USD/JPY fell to 148.0622 from 148.3690 at the Wednesday US close and 148.6987 at the same time Wednesday morning. There were no Japanese data release overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.4381 from 1.4374 at the Wednesday US close but was below a level of 1.4415 at the same time Wednesday morning. The Bank of Canada lowered its target rate by 25 basis points on Wednesday, as expected, and said that the escalating trade war with the US is likely to slow Canadian growth while lifting inflation, which the BOC said it will need to confront. The next Bank of Canada meeting is scheduled for April 16. Canadian building permits data for January are due to be released at 8:30 am ET.

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