07:28 AM EST, 11/29/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Friday before a quiet schedule between the Thanksgiving holiday and the weekend.

The only release on Friday's schedule is an update to the St. Louis Federal Reserve's GDP nowcast estimate around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.0561 from 1.0555 at the Thursday close and 1.0552 at the same time Thursday morning. Eurozone consumer prices declined in November from October, but the year-over-year rate accelerated, according to data released earlier Friday. The next European Central Bank meeting is scheduled for Dec. 12.

GBP/USD rose to 1.2697 from 1.2688 at the Thursday close and 1.2666 at the same time Thursday morning. UK mortgage lending was stronger than expected in October, according to data released earlier Friday. The next Bank of England meeting is scheduled for Dec. 19.

USD/JPY fell to 150.0340 from 151.5107 at the Thursday close and 151.8450 at the same time Thursday morning. Tokyo consumer prices, a proxy for Japanese CPI, accelerated on a year-over-year basis in November, data released overnight showed. Also, the Japanese unemployment rate ticked higher in October, Japanese industrial production growth accelerated less than expected in October and Japanese household confidence improved slightly in November. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD fell to 1.4006 from 1.4015 at the Thursday close and 1.4010 at the same time Thursday morning. Canadian GDP for Q3 is expected to be released at 8:30 am ET, followed by the Canadian budget balance statement at 11:00 am ET. The next Bank of Canada meeting is scheduled for Dec. 11.