07:53 AM EDT, 03/21/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday before a relatively quiet day after a busy week.

New York Federal Reserve President John Williams is due to speak at 9:05 am ET, followed by an update to the St. Louis Fed's gross domestic product growth Nowcast estimate for Q1 around midday.

Next week's highlights include new home sales, consumer confidence, the final estimate of Q4 GDP and personal income, spending and price data for February.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.0842 from 1.0854 at the Thursday US close and 1.0844 at the same time Thursday morning. The Eurozone current account surplus narrowed in January, according to data released earlier Friday, while Eurozone consumer confidence data for March are due to be released at 11:00 am ET. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD fell to 1.2944 from 1.2967 at the Thursday US close and 1.2957 at the same time Thursday morning. The Bank of England maintained its policy rate on Thursday while noting a higher level of uncertainty due to global economic issues. The next Bank of England meeting is scheduled for May 8. Expectations for UK manufacturing orders remained negative in March according to data released earlier Friday.

USD/JPY rose to 149.0379 from 148.7739 at the Thursday US close and 148.5698 at the same time Thursday morning. Japanese consumer price growth slowed in February according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD rose to 1.4339 from 1.4315 at the Thursday US close but was below a level of 1.4384 at the same time Thursday morning. Data on Canadian retail sales for January and February and home prices for February are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for April 16.