07:52 AM EDT, 08/29/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday, except for an improvement versus the euro, ahead of a busy day of economic data releases, starting with a second look at Q2 gross domestic product, weekly jobless claims and advance trade data for July, all at 8:30 am ET.

Pending home sales data for July follows at 10:00 am ET and natural gas stocks are due at 10:30 am ET.

Wednesday evening, Atlanta Federal Reserve President Raphael Bostic, a voter on the Federal Open Market Committee this year, said he is looking for additional signs that a reduction from the current 5.25% to 5.50% federal funds rate target range would be appropriate at the Sept. 17-18 meeting, but conceded the timing may be right, Bloomberg reported.

Bostic is due to speak again at 3:30 pm ET Thursday.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1099 from 1.1113 at the Wednesday US close and 1.1125 at the same time Wednesday morning. Eurozone consumer confidence deteriorated further in August, as did business conditions, according to data released earlier Thursday. The next European Central Bank meeting is scheduled for Sept. 12.

GBP/USD rose to 1.3196 from 1.3186 at the Wednesday US close but was below a level of 1.3223 at the same time Wednesday morning. UK car registrations declined significantly in July but year-over-year growth accelerated, data released overnight showed. The next Bank of England meeting is scheduled for Sept. 19.

USD/JPY fell to 144.5859 from 144.7175 at the Wednesday US close but was above a level of 144.4772 at the same time Wednesday morning. Japanese household confidence was unchanged in August from the previous month, data released overnight showed. The next Bank of Japan meeting is scheduled for Sept. 19-20.

USD/CAD fell to 1.3458 from 1.3480 at the Wednesday US close and was little changed from a level of 1.3459 at the same time Wednesday morning. Canadian average weekly earnings for June and current account for Q2 are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 4.