07:46 AM EDT, 03/28/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, before the release of personal income, spending and price data for February at 8:30 am ET.

The final University of Michigan consumer sentiment reading for March is due to be released at 10:00 am ET at the same time as state unemployment data for February.

The Kansas City Federal Reserve's services reading for March follows at 11:00 am ET and updates to the Atlanta and St. Louis Fed's gross domestic product growth Nowcast estimates are due around midday.

Fed Governor Michael Barr is scheduled to speak at 12:15 pm ET and Atlanta Fed President Raphael Bostic is due to speak at 3:45 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.0768 from 1.0795 at the Thursday US close and 1.0781 at the same time Thursday morning. Eurozone consumer confidence held steady in March while the business climate improved slightly, according to data released earlier Friday, though both indicated more pessimism than optimism. The next European Central Bank meeting is scheduled for April 16-17.

GBP/USD fell to 1.2930 from 1.2949 at the Thursday US close and 1.2938 at the same time Thursday morning. UK retail sales rose unexpectedly in February, lifting the year-over-year rate, while UK GDP growth accelerated in Q4, according to data released earlier Friday. The next Bank of England meeting is scheduled for May 8.

USD/JPY fell to 150.8342 from 151.0348 at the Thursday US close and 150.8560 at the same time Thursday morning. Tokyo's consumer price growth, an early indicator of the overall Japanese consumer price index, accelerated in March according to data released overnight. The next Bank of Japan meeting is scheduled for April 30-May 1.

USD/CAD rose to 1.4327 from 1.4311 at the Thursday US close and 1.4281 at the same time Thursday morning. Canadian GDP data for January is due to be released 8:30 am ET, followed by the Canadian budget balance for January at 11:00 am ET. The next Bank of Canada meeting is scheduled for April 16.