US Dollar Mixed Early Friday as Shutdown Delays September Employment Report

08:01 AM EDT, 10/03/2025 (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 -- as the US government shutdown extends into its third day.

The Senate is expected to vote again Friday afternoon to end the shutdown, but that comes too late for the September nonfarm payrolls employment data, which will be postponed.

The S&P Global services index for September is due to be released at 9:45 am ET, followed by the Institute for Supply Management's reading at 10:00 am ET.

The St. Louis Federal Reserve is expected to update its gross domestic product Nowcast estimate for Q3 around midday and Fed Vice Chair Philip Jefferson is due to speak at 1:40 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1735 from 1.1720 at the Thursday US close but was below a level of 1.1748 at the same time Thursday morning. The Eurozone's services purchasing managers' index rose further above its breakeven point in September, while Eurozone producer prices declined in August, according to data released earlier Friday. European Central Bank policy board member Isabel Schnabel is due to speak at 9:50 am ET. The next European Central Bank meeting is scheduled for Oct. 30.

GBP/USD rose to 1.3449 from 1.3444 at the Thursday US close but was below a level of 1.3476 at the same time Thursday morning. The UK's services PMI declined in September but remained above the breakeven point, according to data released earlier Friday. Bank of England Governor Andrew Bailey is due to speak at 9:20 am ET. The next Bank of England meeting is scheduled for Nov. 6.

USD/JPY rose to 147.3479 from 147.2345 at the Thursday US close and 146.6779 at the same time Thursday morning. Japan's services PMI rose in September to indicate more widespread expansion, while the Japanese unemployment rate moved higher in August. Bank of Japan Governor Kazuo Ueda said overnight that the BoJ is prepared to raise interest rates further but cautioned that uncertainties remain, particularly regarding the US economy. The next Bank of Japan meeting is scheduled for Oct. 29.

USD/CAD rose to 1.3966 from 1.3962 at the Thursday US close and 1.3943 at the same time Thursday morning. Canadian services PMI data for September are due to be released at 9:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 29.

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