07:49 AM EDT, 07/25/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday before the release of durable goods orders data for June at 8:30 am ET and the Kansas City Federal Reserve's services index for July at 11:00 am ET.

Updates to Q2 gross domestic product Nowcast estimates from the Atlanta and St. Louis Fed banks are expected around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1729 from 1.1759 at the Thursday US close and 1.1749 at the same time Thursday morning. The European Central Bank maintained its target rate at its meeting Thursday, saying the outlook is uncertain. The next European Central Bank meeting is scheduled for Sept. 11. Eurozone private sector loan growth accelerated in June, according to data released earlier Friday.

GBP/USD fell to 1.3449 from 1.3508 at the Thursday US close and 1.3540 at the same time Thursday morning. UK retail sales rebounded in June after a decline in May, but the gains were smaller than expected, data released overnight showed. The next Bank of England meeting is scheduled for Aug. 7.

USD/JPY rose to 147.8322 from 146.9435 at the Thursday US close and 146.5569 at the same time Thursday morning. Tokyo's consumer price index, an early indicator of Japanese consumer prices, slowed its year-over-year pace in July, while the Japanese leading index rebounded in May from a decline in the previous month. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.3677 from 1.3643 at the Thursday US close and 1.3619 at the same time Thursday morning. The Canadian budget balance for May is due to be released at 11:00 am ET. The next Bank of Canada meeting is scheduled for July 30.