07:59 AM EDT, 09/27/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of a busy day of data releases that begins with personal income, spending, prices and advance trade, all for August, at 8:30 am ET.

The final University of Michigan consumer sentiment report for September is due at 10:00 am ET, followed by the Kansas City Federal Reserve's services reading for September at 11:00 am ET.

The Atlanta and St. Louis Fed banks are expected to update their gross domestic product Nowcast estimates for Q3 around midday.

Fed Governor Michelle Bowman is scheduled to speak at 1:15 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1165 from 1.1179 at the Thursday US close but was above a level of 1.1154 at the same time Thursday morning. Eurozone consumer confidence held steady in September well below the breakeven point, indicating significant pessimism, while business confidence slipped further into negative territory, data released earlier Friday showed. The next European Central Bank meeting is scheduled for Oct. 17.

GBP/USD fell to 1.3391 from 1.3416 at the Thursday US close but was up from a level of 1.3386 at the same time Thursday morning. UK retail sales activity improved in September after a negative reading in the previous month, according to data released earlier Friday. The next Bank of England meeting is scheduled for Nov. 7.

USD/JPY fell to 143.3446 from 144.6771 at the Thursday US close and 144.3557 at the same time Thursday morning after Shigeru Ishiba, who favors higher Bank of Japan interest rates, won his party's election to be in place to become Prime Minister. Tokyo consumer price gains, a proxy for overall Japanese CPI, decelerated in September, while the Japanese leading index partially rebounded in July after a June drop, data released overnight showed. The next Bank of Japan meeting is scheduled for Oct. 30-31.

USD/CAD rose to 1.3477 from 1.3472 at the Thursday US close and 1.3462 at the same time Thursday morning. Canada GDP data for July is due for release at 8:30 am ET, followed by the Canadian budget balance for July at 11:00 am ET. The next Bank of Canada meeting is scheduled for Oct. 23.