financetom
Economy
financetom
/
Economy
/
US Dollar Rises Early Friday Ahead of GDP, Personal Income, Durable Goods
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Dollar Rises Early Friday Ahead of GDP, Personal Income, Durable Goods
Mar 13, 2026 4:53 AM

07:35 AM EDT, 03/13/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Friday ahead of the release of revised Q4 gross domestic product and personal income, spending and durable goods data for January, all at 8:30 am ET.

The preliminary University of Michigan consumer sentiment reading for March and job openings data for January are both due to be released at 10:00 am ET, followed by updates to the Atlanta and St. Louis Federal Reserve's GDP Nowcast readings for Q1 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1461 from 1.1516 at the Thursday US close and 1.1558 at the same time Thursday morning. Eurozone industrial production declined in January, according to data released earlier Friday. The next European Central Bank meeting is scheduled for March 19.

GBP/USD fell to 1.3252 from 1.3348 at the Thursday US close and 1.3394 at the same time Thursday morning. UK GDP did not grow in January after a small increase in the previous month, but the year-over-year growth rate accelerated modestly, according to data released earlier Friday. The next Bank of England meeting is scheduled for March 19.

USD/JPY rose to 159.4239 from 159.3770 at the Thursday US close and 158.7011 at the same time Thursday morning. Japanese consumer sentiment rose in March according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.3677 from 1.3628 at the Thursday US close and 1.3588 at the same time Thursday morning. Canadian employment data for February are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for March 18.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SMX Powers The New Materials Economy As Energy Costs Redefine Global Supply Chains
SMX Powers The New Materials Economy As Energy Costs Redefine Global Supply Chains
Mar 19, 2026
NEW YORK, NY / ACCESS Newswire / March 19, 2026 / SMX (Security Matters) PLC ( SMX ) is redefining material efficiency at a moment when rising and volatile energy costs are fundamentally reshaping the economics of global supply chains. As energy prices climb, the cost of sourcing, mining, and processing virgin materials continues to escalate-turning material efficiency from a...
US bank regulators to unveil long-awaited capital rule rewrite
US bank regulators to unveil long-awaited capital rule rewrite
Mar 19, 2026
WASHINGTON, March 19 (Reuters) - U.S. President Donald Trump's bank regulators are set to formally unveil softened new draft capital rules on Thursday, in a potential victory for Wall Street banks that could unleash billions of dollars for lending, share buybacks and dividends. The Basel and related capital proposals are expected to modestly reduce the amount of money big banks...
Sexual abuse allegations made against late US labor icon Cesar Chavez
Sexual abuse allegations made against late US labor icon Cesar Chavez
Mar 17, 2026
NEW YORK, March 17 (Reuters) - Allegations of inappropriate sexual behavior and abuse of young women or girls have emerged against iconic late labor organizer Cesar Chavez, and the union he co-founded will not take part in annual celebrations of him, according to statements on Tuesday. The Cesar Chavez Foundation, which preserves memorials including his California gravesite, said the alleged...
Fed likely to hold rates steady as Iran war shocks policy debate
Fed likely to hold rates steady as Iran war shocks policy debate
Mar 17, 2026
WASHINGTON, March 18 (Reuters) - Federal Reserve officials, convening in a wartime setting that began less than three weeks ago, are expected to hold interest rates steady on Wednesday, but more significantly to outline in a new policy statement and projections how they feel President Donald Trump's decision to launch an open-ended conflict with Iran has recast the outlook for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved