07:42 AM EDT, 05/03/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Friday, except for a small uptick versus the yen, ahead of the April employment report scheduled for release at 8:30 am ET.

Nonfarm payrolls are expected to rise by 240,000, while the unemployment rate is forecast to remain at 3.8% and hourly earnings are expected to rise by 0.3%.

Services data for April from S&P Global are due for release at 9:45 am ET, followed by the Institute for Supply Management's services reading at 10:00 am ET.

Federal Reserve speakers return to the schedule Friday, with Chicago Fed President Austan Goolsbee and New York Fed President John Williams on a panel together at 7:45 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR-USD rose to 1.0748 from 1.0727 at the Thursday US close and 1.0705 at the same time Thursday morning. The Eurozone unemployment rate held steady in March, data released earlier Friday showed. The next European Central Bank meeting is scheduled for June 6.

GBP-USD rose to 1.2560 from 1.2537 at the Thursday US close and 1.2514 at the same time Thursday morning. The UK services purchasing managers' index improved in April to indicate faster expansion, according to data released earlier Friday. The next Bank of England meeting is scheduled for May 9.

USD-JPY rose slightly to 153.1965 from 153.1879 at the Thursday US close but was well below a level of 155.1600 at the same time Thursday morning. Friday is a holiday in Japan, so there were no data released overnight. The next Bank of Japan meeting is scheduled for June 13-14.

USD-CAD fell to 1.3666 from 1.3677 at the Thursday US close and 1.3724 at the same time Thursday morning. There are no Canadian data scheduled for release Friday. The next Bank of Canada meeting is scheduled for June 5.