07:43 AM EDT, 08/08/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday ahead of the release of weekly jobless claims at 8:30 am ET and wholesale inventory and sales data for June at 10:00 am ET.

Weekly natural gas stocks data are due for release at 10:30 am ET and the Atlanta Federal Reserve Bank is expected to update its gross domestic product Nowcast estimate for Q3 around midday.

Richmond Fed President Tom Barkin, a voter on the Federal Open Market Committee this year, is scheduled to speak at 3:00 pm ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD rose to 1.0926 from 1.0923 at the Wednesday US close and 1.0918 at the same time Wednesday morning. There are no Eurozone data on Thursday's schedule. The next European Central Bank meeting is scheduled for Sept. 12.

GBP/USD rose slightly to 1.2693 from 1.2689 at the Wednesday US close but was below a level of 1.2716 at the same time Wednesday morning. There are no UK data on Thursday's schedule. The next Bank of England meeting is scheduled for Sept. 19.

USD/JPY fell to 146.0937 from 146.8447 at the Wednesday US close and 147.3396 at the same time Wednesday morning. The Japanese current account surplus narrowed in June while Japanese business sentiment improved modestly in July but still indicated pessimism, data released overnight showed. The next Bank of Japan meeting is scheduled for Sept. 19-20.

USD/CAD fell slightly to 1.3748 from 1.3750 at the Wednesday US close but was above a level of 1.3743 at the same time Wednesday morning. The Canadian trade balance for June is set to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 4.