07:53 AM EDT, 04/11/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday before the release of producer price data for March at 8:30 am ET and the preliminary University of Michigan consumer sentiment reading for April at 10:00 am ET.

Boston Federal Reserve President Susan Collins is due to speak at 9:00 am ET, followed by New York Fed President John Williams at 11:00 am ET. The St. Louis Fed is expected to update its gross domestic product Nowcast estimate for Q1 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1358 from 1.1202 at the Thursday US close and 1.1082 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. European Central Bank President Christine Lagarde said earlier Friday that the ECB is prepared to use its available tools to deal with market turbulence if needed, according to Reuters. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD rose to 1.3073 from 1.2968 at the Thursday US close and 1.2924 at the same time Thursday morning. UK GDP rose more than expected in February, lifting the year-over-year rate, according to data released overnight. The next Bank of England meeting is scheduled for May 8.

USD/JPY fell to 142.7933 from 144.6565 at the Thursday US close and 145.5614 at the same time Thursday morning. Japanese consumer sentiment rose modestly in April, according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD fell to 1.3910 from 1.3979 at the Thursday US close and 1.4059 at the same time Thursday morning. There are no Canadian data on Friday's schedule. The next Bank of Canada meeting is scheduled for April 16.