07:30 AM EDT, 06/14/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, before the release of import and export price data for May at 8:30 am ET and the preliminary University of Michigan Consumer Sentiment index for June at 10:00 at ET.

The St. Louis Federal Reserve bank is expected to update its gross domestic product Nowcast estimate for Q2 around midday.

With the 'quiet period' lifted, Chicago Fed President Austan Goolsbee is expected to speak at 2:00 pm ET, followed by Fed Governor Lisa Cook at 7:00 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR-USD fell to 1.0697 from 1.0742 at the Thursday US close and 1.0802 at the same time Thursday morning. The Eurozone trade surplus narrowed in April, according to data released earlier Friday. European Central Bank policy board member Isabel Schnabel is expected to speak at 9:30 am ET, followed by ECB President Christine Lagarde at 1:30 pm ET. The next European Central Bank meeting is scheduled for July 18.

GBP-USD fell to 1.2706 from 1.2766 at the Thursday US close and 1.2775 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for June 20.

USD-JPY declined to 157.0543 from 157.0644 at the Thursday US close and 157.1872 at the same time Thursday morning. The pair hit a high of 158.2089 after the Bank of Japan held its policy rate steady, as expected, and said that it plans to continue to purchase government securities at the current pace. However, the BoJ said it will consider slowing its pace of purchases at a future meeting. The next BoJ meeting is scheduled for July 30-31. Also released overnight, Japanese industrial production declined more than expected in April.

USD-CAD rose to 1.3758 from 1.3737 at the Thursday US close and 1.3748 at the same time Thursday morning. Canada manufacturing and wholesale sales for April are scheduled to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 24.