07:55 AM EDT, 06/12/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday before the release of weekly jobless claims and producer price data for May, both at 8:30 am ET.

Weekly natural gas stocks inventory data are due to be released at 10:30 am ET.

Soft US consumer price index data for April released Wednesday suggested less tariff impact than expected, trimming the dollar, but there are concerns there will be a rebound in the May data released next month.

Federal Reserve officials are in their 'quiet period' ahead of the next Federal Open Market Committee meeting June 17-18.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD rose to 1.1603 from 1.1482 at the Wednesday US close and 1.1438 at the same time Wednesday morning. There are no Eurozone data on Thursday's schedule, but European Central Bank Vice President Luis de Guindos is due to speak at 8:00 am ET, followed by ECB policy board members Isabel Schnabel at 8:20 am ET and Frank Elderson at 10:15 am ET. The next European Central Bank meeting is scheduled for July 24.

GBP/USD rose to 1.3590 from 1.3537 at the Wednesday US close and 1.3495 at the same time Wednesday morning. UK gross domestic product declined in April, slowing the year-over-year growth rate, while UK consumer sentiment improved in June, according to data released earlier Thursday. The next Bank of England meeting is scheduled for June 19.

USD/JPY fell to 143.5408 from 144.6448 at the Wednesday US close and 145.1616 at the same time Wednesday morning. Japanese large manufacturing conditions deteriorated in Q2, according to data released overnight. The next Bank of Japan meeting is scheduled for June 16-17.

USD/CAD fell to 1.3629 from 1.3667 at the Wednesday US close and 1.3687 at the same time Wednesday morning. There are no Canadian data on Thursday's schedule. The next Bank of Canada meeting is scheduled for July 30.