08:31 AM EST, 01/30/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Friday ahead of the release of producer price data for December at 8:30 am ET and the Chicago purchasing managers' index reading for January at 9:45 am ET.

The St. Louis Federal Reserve is expected to update its gross domestic product Nowcast estimate for Q4 around midday and Fed Vice Chair for Supervision Michelle Bowman is due to speak at 3:00 pm ET and then again at 5:00 pm ET.

Earlier Friday, President Donald Trump nominated former Fed Governor Kevin Warsh to replace Fed Chairman Jerome Powell when his term expires in May.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1950 from 1.1965 at the Thursday US close but was above a level of 1.1943 at the same time Thursday morning. Eurozone GDP growth in Q4 was in line with the previous quarter, while the Eurozone unemployment rate declined in December, according to data released earlier Friday. The next European Central Bank meeting is scheduled for Feb. 5.

GBP/USD fell to 1.3780 from 1.3805 at the Thursday US close and 1.3796 at the same time Thursday morning. UK mortgage approvals declined in December, though the amount of mortgage lending increased, according to data released earlier Friday. The next Bank of England meeting is scheduled for Feb. 5.

USD/JPY rose to 153.8863 from 153.1092 at the Thursday US close and 153.4026 at the same time Thursday morning. Japanese larger retailers' sales declined in December, as did Japanese industrial production in the same month, while Tokyo's consumer price index, a precursor to Japanese CPI, declined in January, slowing the year-over-year rate, data released overnight showed. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.3506 from 1.3490 at the Thursday US close but was below a level of 1.3544 at the same time Thursday morning. Canadian GDP data for December is due to be released at 8:30 am ET, followed by the Canadian budget balance for November at 11:00 am ET. The next Bank of Canada meeting is scheduled for March 18.