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US Dollar Mixed Early Friday Ahead of Philadelphia Fed Manufacturing, Leading Indicators Data

BY MT Newswires | ECONOMIC | 06/20/25 07:51 AM EDT

07:51 AM EDT, 06/20/2025 (MT Newswires) -- The US dollar was mixed against its major trading partners early Friday -- up versus the yen and Canadian dollar, down versus the euro and pound -- following Thursday's holiday.

The Philadelphia Federal Reserve's manufacturing reading for June is due to be released at 8:30 am ET, followed by leading indicators data at 10:00 am ET.

The St. Louis Fed is due to update its gross domestic product Nowcast estimate for Q2 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1520 from 1.1499 at the Thursday close and 1.1474 at the same time Thursday morning. Eurozone consumer confidence data for June are due to be released at 10:00 am ET. The next European Central Bank meeting is scheduled for July 24.

GBP/USD rose to 1.3496 from 1.3469 at the Thursday close and 1.3413 at the same time Thursday morning. UK retail sales declined more than expected in May, pulling down the year-over-year rate, according to data released overnight. The next Bank of England meeting is scheduled for Aug. 7.

USD/JPY rose to 145.4678 from 145.4154 at the Thursday close but was below a level of 145.7441 at the same time Thursday morning. Japanese consumer price growth slowed on a year-over-year basis in May, but the core rate accelerated according to data released overnight. Bank of Japan Governor Kazuo Ueda said overnight the BoJ will continue to lift its target rate as long as economic improvements lift inflation, according to Reuters. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.3703 from 1.3698 at the Thursday close but was below a level of 1.3711 at the same time Thursday morning. Canadian retail sales data for April and industrial product, raw materials and new home prices for May are all due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 30.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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