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US Dollar Rises Early Friday Ahead of Light Data Release Day
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US Dollar Rises Early Friday Ahead of Light Data Release Day
Sep 21, 2025 12:20 AM

07:51 AM EDT, 09/19/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday ahead of a light day of data releases, after the major events of the week.

State-level unemployment data for August are due to be released at 10:00 am ET, followed by an update to the St. Louis Federal Reserve's gross domestic product Nowcast estimate for Q3 around midday.

San Francisco Fed President Mary Daly is due to speak at 2:30 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1756 from 1.1785 at the Thursday US close and 1.1837 at the same time Thursday morning. There is no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD fell to 1.3492 from 1.3550 at the Thursday US close and 1.3633 at the same time Thursday morning. UK retail sales rose more than expected in August, but the year-over-year pace slowed from the previous month, according to data released overnight. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY rose to 147.9921 from 147.9552 at the Thursday US close and 147.3357 at the same time Thursday morning. The Bank of Japan held interest rates steady in its decision released overnight, but said it would sell more of its securities holding in a form of tightening. The next Bank of Japan meeting is scheduled for Oct. 29. Also overnight, Japanese consumer price growth slowed in August.

USD/CAD rose to 1.3806 from 1.3796 at the Thursday US close and 1.3772 at the same time Thursday morning. Canadian retail sales data for July and preliminary retail sales data for August are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 29.

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