07:46 AM EDT, 07/18/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of the release of housing starts data for June at 8:30 am ET and the preliminary estimate of consumer sentiment for July from the University of Michigan at 10:00 am ET.

Also due to be released at 10:00 am ET are state-level employment data for June. The Atlanta and St. Louis Federal Reserve banks are expected to update their GDP nowcast estimates for Q2 around midday.

Fed officials enter quiet period on Saturday, which runs through the July 29-30 Federal Open Market Committee meeting.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1644 from 1.1600 at the Thursday US close and 1.1586 at the same time Thursday morning. The Eurozone current account surplus widened in May while Eurozone construction output declined in May, according to data released earlier Friday. The next European Central Bank meeting is scheduled for July 24.

GBP/USD rose to 1.3453 from 1.3420 at the Thursday US close and 1.3399 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for Aug. 7.

USD/JPY fell to 148.5446 from 148.5777 at the Thursday US close and 148.6257 at the same time Thursday morning. Japanese consumer prices rose only modestly in June, slowing the year-over-year rate, according to data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD falls to 1.3722 from 1.3745 at the Thursday US close and 1.3769 at the same time Thursday morning. There are no Canadian data on Friday's schedule. The next Bank of Canada meeting is scheduled for July 30.