07:52 AM EST, 01/17/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a small decline versus the euro, ahead of another busy data release day before the long US holiday weekend.

Housing starts data for December are due to be released at 8:30 am ET, followed by industrial production data for December at 9:15 am ET.

The Atlanta and St. Louis Federal Reserve banks are due to release updates to their gross domestic product Nowcast estimates around midday. The Treasury's TICS data for November are due at 4:00 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.0305 from 1.0300 at the Thursday US close and 1.0289 at the same time Thursday morning. Eurozone consumer prices rose as expected in December, lifting the year-over-year rate for the overall consumer price index and keeping the core year-over-year rate in line with the previous month, according to data released earlier Friday. The next European Central Bank meeting is scheduled for Jan. 30.

GBP/USD fell to 1.2210 from 1.2231 at the Thursday US close but was above a level of 1.2205 at the same time Thursday morning. UK retail sales declined unexpectedly in December, but sales were still up sharply from a year earlier. Bank of England Governor Andrew Bailey and Deputy Governor Sam Woods are due to speak at 12:00 pm ET. The next Bank of England meeting is scheduled for Feb. 6.

USD/JPY rose to 155.6938 from 155.2136 at the Thursday US close but was below a level of 155.8078 at the same time Thursday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Jan. 23-24.

USD/CAD rose to 1.4414 from 1.4398 at the Thursday US close and 1.4376 at the same time Thursday morning. Canadian foreign securities purchase data for November are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Jan. 29.