07:47 AM EDT, 07/26/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Friday, except for a partial rebound against the yen, ahead of the release of personal income, spending and price data for June at 8:30 am ET and the final University of Michigan consumer sentiment index report for July at 10:00 am ET.

The Kansas City Federal Reserve is due to release its monthly services reading for July at 11:00 am ET and the Atlanta Fed is expected to publish its initial gross domestic product Nowcast estimate for Q3 around midday.

Federal Reserve officials remain in their 'quiet period' leading up to the July 30-31 Federal Open Market Committee meeting.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.0857 from 1.0846 at the Thursday US close and 1.0852 at the same time Thursday morning. There are no Eurozone data on Friday's calendar. The next European Central Bank meeting is scheduled for Sept. 12.

GBP/USD rose to 1.2871 from 1.2853 at the Thursday US close but was below a level of 1.2876 at the same time Thursday morning. There are no UK data on Friday's calendar. The next Bank of England meeting is scheduled for Aug. 1.

USD/JPY rose to 154.7248 from 153.8925 at the Thursday US close and 152.3657 at the same time Thursday morning after declining most of the week. Tokyo consumer price growth, an early indicator of the overall Japanese consumer price index, slowed in July according to data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD fell to 1.3819 from 1.3824 at the Thursday US close and 1.3836 at the same time Thursday morning. Preliminary Canadian wholesale sales data for June is set to be released at 8:30 am ET, followed by the April Canadian budget balance at 11:00 am ET. The next Bank of Canada meeting is scheduled for Sept. 4.