07:54 AM EDT, 10/04/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of September employment data due to be released at 8:30 am ET.

Nonfarm payrolls are expected to rise by 150,000 after a 142,000 increase in August, while the unemployment rate is forecast to remain at 4.2% and hourly earnings are seen rising by 0.3% after a 0.4% gain.

An appearance by New York Federal Reserve President John Williams follows at 9:00 am ET and the St. Louis Fed is due to update its gross domestic product growth Nowcast estimate for Q3 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose slightly to 1.1029 from 1.1028 at the Thursday US close but was below a level of 1.1043 at the same time Thursday morning. The Eurozone construction purchasing managers' index rose modestly in September but still indicated contraction, data released earlier Friday showed. European Central Bank policy board member Frank Elderson is due to speak at 9:10 am ET. The next European Central Bank meeting is scheduled for Oct. 17.

GBP/USD rose to 1.3171 from 1.3122 at the Thursday US close and 1.3112 at the same time Thursday morning. UK construction PMI rose solidly in September while passenger car registrations posted a large increase, according to data released earlier Friday. The next Bank of England meeting is scheduled for Nov. 7.

USD/JPY fell to 146.5212 from 146.8495 at the Thursday US close and 146.9797 at the same time Thursday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30-31.

USD/CAD fell to 1.3553 from 1.3558 at the Thursday US close but was above a level of 1.3538 at the same time Thursday morning. The Canada IVEY PMI survey for September is due to be released at 10:00 am ET. The next Bank of Canada meeting is scheduled for Oct. 23.