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US Dollar Rises Early Friday Ahead of Existing Home Sales, Michigan Consumer Sentiment, Kansas City Services Data

BY MT Newswires | ECONOMIC | 12/19/25 07:56 AM EST

07:56 AM EST, 12/19/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday ahead of the release of existing home sales data for November and the final University of Michigan consumer sentiment reading for December, both at 10:00 am ET.

The Kansas City Federal Reserve is due to release its services reading for December at 11:00 am ET and the St. Louis Fed is expected to update its gross domestic product Nowcast reading for Q3 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1711 from 1.1722 at the Thursday US close and 1.1719 at the same time Thursday morning. The European Central Bank decided to maintain its policy rate at its meeting Thursday, as expected, saying the European economy has stood up well against global trade shocks, and raising its growth and inflation expectations. The next European Central Bank meeting is scheduled for Feb. 5. ECB policy board member Philip Lane is due to speak at 10:10 am ET. Earlier Friday, the Eurozone current account narrowed in October but widened after seasonal adjustment. Eurozone consumer confidence data for December are due to be released at 10:00 am ET.

GBP/USD fell to 1.3371 from 1.3378 at the Thursday US close and 1.3379 at the same time Thursday morning. UK retail sales fell in November, though the year-over-year rate was in line with the previous month, but a measure of retail sector sentiment for December showed significant pessimism, according to data released earlier Friday. The next Bank of England meeting is scheduled for Feb. 5.

USD/JPY rose to 157.3100 from 155.6206 at the Thursday US close and 155.8063 at the same time Thursday morning. The Bank of Japan raised its policy rate by 25 basis points to a 30-year high Thursday evening US time, saying it expects wage and price inflation to continue to increase. The next Bank of Japan meeting is scheduled for Jan. 23. Japanese consumer prices rose at a slower year-over-year rate in November than in the previous month while the core growth rate was in line with October, according to data released overnight.

USD/CAD rose to 1.3796 from 1.3781 at the Thursday US close and 1.3789 at the same time Thursday morning. Canadian retail sales data for October are due to be released at 8:30 am ET, at the same time as new home price data for November. 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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