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US Dollar Falls Early Friday Ahead of Preliminary Michigan Sentiment Reading
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US Dollar Falls Early Friday Ahead of Preliminary Michigan Sentiment Reading
Oct 10, 2025 5:17 AM

07:46 AM EDT, 10/10/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday, except for an increase versus the pound, ahead of the preliminary October University of Michigan consumer sentiment reading due to be released at 10:00 am ET.

Chicago Federal Reserve President Austan Goolsbee is due to speak at 9:45 am ET and the St. Louis Fed is due to update its GDP nowcast estimate for Q3 around midday.

The US government shutdown continues to impact the scheduling of government-produced data releases, though there will be no impact on Friday's data. The Senate has adjourned until Tuesday, so there will be no resolution of the shutdown until after Monday's government holiday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1572 from 1.1560 at the Thursday US close but was below a level of a 1.1610 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3270 from 1.3330 at the Thursday US close and 1.3363 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY fell to 152.7046 from 153.0746 at the Thursday US close and 152.8058 at the same time Thursday morning. Japanese producer prices rebounded in September after a decline in the previous month, while consumer sentiment slipped in October, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD fell to 1.4017 from 1.4025 at the Thursday US close but was above a level of 1.3955 at the same time Thursday morning. Canadian employment data for September are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 29.

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