07:58 AM EDT, 03/24/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a gain versus the yen, to start another busy week that features the final estimate of Q4 gross domestic product growth and personal income and spending data for February.

Monday's schedule is light, with only the Chicago Federal Reserve's National Activity index for February at 8:30 am ET, followed by the S&P Global flash estimates for manufacturing and services purchasing managers' index for March at 9:45 am ET. Atlanta Fed President Raphael Bostic is due to speak at 1:45 pm ET, followed by Fed Governor Michael Barr at 3:10 pm ET.

Tuesday's highlights include home price data, new home sales, and consumer confidence.

Durable goods orders data and weekly mortgage applications and energy stocks inventory data are due Wednesday.

Thursday's highlights include weekly jobless claims, GDP, advance trade and pending home sales.

Personal income, spending and price data are due to be released on Friday, along with the final University of Michigan consumer sentiment index report for March.

A quick summary of foreign exchange activity heading into Monday:

EUR/USD rose to 1.0848 from 1.0816 at the Friday US close and 1.0842 at the same time Friday morning. Eurozone preliminary manufacturing PMI rose in March but remained below the breakeven point while services PMI declined slightly but still indicates expansion, according to data released earlier Monday. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD rose to 1.2960 from 1.2920 at the Friday US close and 1.2942 at the same time Friday morning. UK manufacturing PMI declined in March to indicate faster contraction while services PMI improved to indicate faster expansion, according to data released earlier Monday. Bank of England Governor Andrew Bailey is due to speak at 2:00 pm ET. The next Bank of England meeting is scheduled for May 8.

USD/JPY rose to 149.6601 from 149.3192 at the Friday US close and 148.9992 at the same time Friday morning. Japanese manufacturing and services PMI declined in March, indicating contraction for both sectors. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD fell to 1.4319 from 1.4344 at the Friday US close and 1.4336 the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for April 16.

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