07:52 AM EDT, 10/11/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the pound, before the release of producer prices for September at 8:30 am ET.

On Thursday, consumer price data for September were stronger than expected, lifted by apparel prices, rents, airfares and vehicle prices.

Chicago Federal Reserve President Austan Goolsbee is due to speak at 9:45 am ET, followed by the preliminary University of Michigan consumer sentiment reading for October at 10:00 am ET and an appearance by Dallas Fed President Lorie Logan at 10:45 am ET.

The St. Louis Fed is expected to update its gross domestic product growth Nowcast estimate for Q3 around midday and Fed Governor Michelle Bowman is due to speak at 1:10 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell slightly to 1.0933 from 1.0934 at the Thursday US close and 1.0935 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for Oct. 17.

GBP/USD rose to 1.3062 from 1.3056 at the Thursday US close but was below a level of 1.3075 at the same time Thursday morning. UK GDP rose as expected in August, but the year-over-year accelerated less than expected from July. The next Bank of England meeting is scheduled for Nov. 7.

USD/JPY rose to 148.9935 from 148.5743 at the Thursday US close and 148.8112 at the same time Thursday morning. Japanese consumer sentiment fell slightly in October, data release overnight showed. The next Bank of Japan meeting is scheduled for Oct. 30-31.

USD/CAD rose to 1.3769 from 1.3742 at the Thursday US close and 1.3737 at the same time Thursday morning. Canadian employment data for September are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 23.