07:46 AM EDT, 09/20/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a small decline versus the pound, ahead of a lighter day of economic data following a busy week.

State-level unemployment data for August are due for release at 10:00 am ET, followed by an update to the St. Louis Federal Reserve's gross domestic product Nowcast estimate around midday.

Philadelphia Fed President Patrick Harker is scheduled to speak at 2:00 pm ET. Harker is set to retire at the end of June 2025, before the Philadelphia Fed's next voting rotation on the Federal Open Market Committee in 2026.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1160 from 1.1163 at the Thursday US close and 1.1170 at the same time Thursday morning. Eurozone consumer confidence for September is set to be released at 10:00 am ET, followed by an appearance by European Central Bank President Christine Lagarde at 11:00 am ET. The next ECB meeting is scheduled for Oct. 17.

GBP/USD rose to 1.3287 from 1.3283 at the Thursday US close but was below a level of 1.3308 at the same time Thursday morning. UK retail sales rose much more than expected in August, pushing up the year-over-year rate, according to data released overnight. Bank of England policy board member Catherine Mann said earlier Friday that the BoE should move cautiously when considering rate cuts until inflation slows further. The next BoE meeting is scheduled for Nov. 7.

USD/JPY rose to 144.3609 from 142.6328 at the Thursday US close and 143.1702 at the same time Thursday morning. The Bank of Japan held its key interest rate steady in its meeting announcement overnight, as expected, noting modest economic recovery and an expectation of further improvement and rising inflation. The BoJ said it is prepared to raise rates at future meetings. The next BoJ meeting is scheduled for Oct. 30-31. Prior to the release of the meeting statement, data showed Japanese consumer prices accelerated in September.

USD/CAD rose to 1.3573 from 1.3557 at the Thursday US close and 1.3558 at the same time Thursday morning. Bank of Canada Governor Tiff Macklem is due to speak at 8:15 am ET, followed by Canadian retail sales for July and industrial products and raw materials prices for August, all at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 23.