07:43 AM EDT, 09/12/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday before the release of the University of Michigan's preliminary consumer sentiment reading for September at 10:00 am ET.

The St. Louis Federal Reserve is expected to update its GDP nowcast estimate for Q3 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1732 from 1.1738 at the Thursday US close but was above a level of 1.1688 at the same time Thursday morning. On Thursday, the European Central Bank held its target rate steady and said that it is making its rate decisions on a meeting-by-meeting basis. The next European Central Bank meeting is scheduled for Oct. 30. There are no Eurozone data releases on Friday's schedule.

GBP/USD fell to 1.3559 from 1.3579 at the Thursday US close but was above a level of 1.3515 at the same time Thursday morning. UK GDP was flat in July, but the year-over-year rate was unchanged from the previous month, according to data released overnight. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY rose to 147.7230 from 147.1697 at the Thursday US close but was below a level of 147.9168 at the same time Thursday morning. Japanese consumer sentiment rose slightly in September while Japanese industrial production declined in July, data released overnight showed. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3838 from 1.3831 at the Thursday US close but was below a level of 1.3876 at the same time Thursday morning. Canadian building permits data for July are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 17.