07:58 AM EDT, 08/22/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the pound, ahead of Federal Reserve Chairman Jerome Powell's keynote address at the Jackson Hole summit at 10:00 am ET, and possible comments from other Fed officials at the same event.

The only data scheduled to be released on Friday is the St. Louis Fed's GDP nowcast update for Q3 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1602 from 1.1606 at the Thursday US close and 1.1649 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3417 from 1.3413 at the Thursday US close but was below a level of 1.3473 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 148.6154 from 148.3753 at the Thursday US close and 147.8446 at the same time Thursday morning. Japanese consumer price growth slowed in July on a year-over-year basis, according to data released overnight. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3914 from 1.3904 at the Thursday US close and 1.3881 at the same time Thursday morning. Canadian retail and manufacturing sales for July are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.