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US Dollar Rises Early Thursday Ahead of Jobless Claims, Philadelphia Fed Manufacturing
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US Dollar Rises Early Thursday Ahead of Jobless Claims, Philadelphia Fed Manufacturing
Jun 18, 2026 5:10 AM

07:53 AM EDT, 06/18/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of the release of weekly jobless claims and the Philadelphia Federal Reserve's manufacturing reading for May, both at 8:30 am ET.

Leading indicators data for May are due to be released at 10:00 am ET, followed by weekly natural gas stocks at 10:30 am ET and Treasury international capital data for April at 4:00 pm ET, leading into the long holiday weekend.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1460 from 1.1494 at the Wednesday US close and 1.1594 at the same time Wednesday morning. The Eurozone current account widened in April while construction output growth slowed in the same month, according to data released earlier Thursday. European Central Bank policy board member Philip Lane is due to speak at 8:15 am ET. The next European Central Bank meeting is scheduled for July 23.

GBP/USD fell to 1.3212 from 1.3284 at the Wednesday US close and 1.3409 at the same time Wednesday morning. The Bank of England maintained its policy rate at its meeting earlier Thursday, as expected. The next Bank of England meeting is scheduled for July 30. The UK unemployment rate declined in April while employment growth slowed in the same month, and jobless claims growth accelerated in May, according to data released earlier Thursday.

USD/JPY rose to 160.9186 from 160.7288 at the Wednesday US close and 160.2799 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.4126 from 1.4118 at the Wednesday US close and 1.4015 at the same time Wednesday morning. Canadian industrial product and raw materials prices for May are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 15.

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