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US Dollar Mixed Early Friday Ahead of Personal Income, Spending, Michigan Consumer Sentiment Data

BY MT Newswires | ECONOMIC | 06/27/25 07:46 AM EDT

07:46 AM EDT, 06/27/2025 (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 -- ahead of the release of personal income, spending and price data for May at 8:30 am ET.

Federal Reserve Governor Lisa Cook is due to speak at 9:15 am ET, followed by the final University of Michigan consumer sentiment reading for June at 10:00 am ET and the Kansas City Fed's services reading for June at 11:00 am ET.

The Atlanta and St. Louis Fed banks are due to update their gross domestic product Nowcast estimates for Q2 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1718 from 1.1706 at the Thursday US close and 1.1708 at the same time Thursday morning. Eurozone consumer confidence and business conditions readings both declined further below the breakeven point in June, according to data released earlier Friday. The next European Central Bank meeting is scheduled for July 24.

GBP/USD rose slightly to 1.3734 from 1.3733 at the Thursday US close and from 1.3723 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for Aug. 7.

USD/JPY rose to 144.5548 from 144.3770 at the Thursday US close and 144.2528 at the same time Thursday morning. Tokyo year-over-year consumer price growth, an early indicator for Japan's consumer price index, slowed in June while the May unemployment rate held steady and retail sales growth slowed in May. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.3658 from 1.3634 at the Thursday US close but was below a level of 1.3686 at the same time Thursday morning. Canadian GDP data for April and May are due to be released at 8:30 am ET, followed by Canadian budget balance data for April at 11:00 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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