07:37 AM EDT, 08/15/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of a busy data release schedule, beginning with retail sales and import and export price data for July and the New York Federal Reserve's Empire State manufacturing reading for August, all at 8:30 am ET.

Industrial production data for July are due to be released at 9:15 am ET, followed by the preliminary University of Michigan consumer sentiment reading for August and business inventories data for June, both at 10:00 am ET.

Updated gross domestic product Nowcast estimates for Q3 from the Atlanta and St. Louis Fed banks are due to be released around midday and the US Treasury is scheduled to release its Treasury International Capital Standards report for June at 4:00 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1690 from 1.1649 at the Thursday US close but was slightly below a level of 1.1694 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3563 from 1.3537 at the Thursday US close but was below a level of 1.3580 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY fell to 146.9545 from 147.7925 at the Thursday US close but was still above a level of 146.4882 at the same time Thursday morning. Japanese GDP growth accelerated in Q2 while Japanese consumer sentiment increased in August and Japanese industrial production rose more than expected in June, according to data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD fell to 1.3790 from 1.3812 at Thursday US close but was up from a level of 1.3776 at the same time Thursday morning. Canadian manufacturing, wholesale and motor vehicle sales data for June are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.