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US Dollar Falls Early Friday Ahead of Personal Income, Spending, Price Data, Michigan Sentiment

BY MT Newswires | ECONOMIC | 08:17 AM EST

08:17 AM EST, 12/05/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday, except for a gain versus the yen, ahead of the release of delayed personal income, spending and price data for September and the preliminary University of Michigan consumer sentiment index for December, all at 10:00 am ET.

The St. Louis and Atlanta Federal Reserve Banks are expected to update their gross domestic product Nowcast estimates for Q3 around midday and consumer credit data for October are due to be released at 3:00 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1652 from 1.1644 at the Thursday US close but was below a level of 1.1677 at the same time Thursday morning. Eurozone GDP and employment both rose faster than expected in Q3, according to data released earlier Friday. European central bank policy board member Philip Lane is due to speak at 10:10 am ET. The next European Central Bank meeting is scheduled for Dec. 18.

GBP/USD rose to 1.3345 from 1.3329 at the Thursday US close but was below a level of 1.3353 at the same time Thursday morning. UK home prices were flat in November, slowing the year-over-year rate, data released overnight showed. The next Bank of England meeting is scheduled for Dec. 18.

USD/JPY rose to 155.1403 from 155.1012 at the Thursday US close and 154.5548 at the same time Thursday morning. Japanese household spending declined in October, while the Japanese leading index rose faster in October than in the previous month. The next Bank of Japan meeting is scheduled for Dec. 18-19.

USD/CAD fell to 1.3943 from 1.3958 at the Thursday US close and 1.3969 at the same time Thursday morning. Canadian employment data for November are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Dec. 10.

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

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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