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US Dollar Rises Early Thursday Ahead of Jobless Claims, Consumer Prices

BY MT Newswires | ECONOMIC | 12/18/25 07:53 AM EST

07:53 AM EST, 12/18/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the pound, ahead of the release of weekly jobless claims, delayed consumer price index data for November and the Philadelphia Federal Reserve's manufacturing reading for December, all at 8:30 am ET.

The consumer price index data will be missing several major series, including headline overall and core CPI for October, making the calculation of monthly percent changes for November impossible in those cases. Year-over-year calculations for November will be the key metric released.

Weekly natural gas stocks inventory data are due to be released at 10:30 am ET and the Kansas City Fed's manufacturing reading for December is expected at 11:00 am ET. The Treasury is scheduled to release international capital transactions data, also known as TICS, at 4:00 pm ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1717 from 1.1740 at the Wednesday US close but was above a level of 1.1715 at the same time Wednesday morning. The European Central Bank's policy decision is expected to be announced at 8:15 am ET, when no change in the primary rate is forecast. Eurozone construction output rebounded in October from a September decline, according to data released earlier Thursday.

GBP/USD rose to 1.3379 from 1.3377 at the Wednesday US close and 1.3334 at the same time Wednesday morning and is climbing after the Bank of England lowered its target rate by 25 basis points at its meeting Thursday due to slowing inflation. The next Bank of England meeting is scheduled for Feb. 5.

USD/JPY rose to 155.7577 from 155.7055 at the Wednesday US close and 155.5459 at the same time Wednesday morning. There were no Japanese data released overnight. The Bank of Japan's policy statement is expected to be released at 10:00 pm ET Thursday evening, when a 25 basis point rate increase is expected.

USD/CAD rose to 1.3788 from 1.3784 at the Wednesday US close and 1.3787 at the same time Wednesday morning. Canadian average weekly earnings data for October are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Jan. 28.

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

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