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US Dollar Mixed Early Thursday Ahead of Jobless Claims, Producer Prices

BY MT Newswires | ECONOMIC | 08/14/25 07:46 AM EDT

07:46 AM EDT, 08/14/2025 (MT Newswires) -- The US dollar was mixed against its major trading partners early Thursday -- up versus the euro and Canadian dollar, down versus the pound and yen -- ahead of the release of weekly jobless claims and July producer price data, both at 8:30 am ET.

St. Louis Fed President Alberto Musalem is due to speak in an interview with CNBC at 10:00 am ET.

Weekly natural gas stocks inventory data are scheduled to be released at 10:30 am ET and Richmond Fed President Tom Barkin is expected to speak at 2:00 pm ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1692 from 1.1700 at the Wednesday US close and 1.1718 at the same time Wednesday morning. Eurozone gross domestic product growth slowed as expected in Q2, according to data released earlier Thursday, while Eurozone industrial production declined in June. The next European Central Bank meeting is scheduled for Sept. 11.

GBP/USD rose to 1.3583 from 1.3574 at the Wednesday US close and 1.3569 at the same time Wednesday morning. UK GDP growth slowed in Q2 from Q1, but the monthly GDP measure indicated a rebound in June after a contraction in the previous month, data released overnight showed. Separately, UK consumer sentiment declined in August. The next Bank of England meeting is scheduled for Sept. 18.

USD/JPY fell to 146.4637 from 147.4484 at the Wednesday US close and 147.4639 at the same time Wednesday morning. There were no Japanese data released overnight, but US Treasury Scott Bessent suggested that the Bank of Japan is likely to address rising inflation by lifting interest rates. The next Bank of Japan meeting is scheduled for Sept. 18-19.

USD/CAD rose to 1.3778 from 1.3763 at the Wednesday US close and 1.3760 at the same time Wednesday morning. There are no Canadian data on Thursday's schedule. The next Bank of Canada meeting is scheduled for Sept. 17.

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

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