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US Dollar Falls Early Thursday Ahead of Jobless Claims, Q3 GDP

BY MT Newswires | ECONOMIC | 01/22/26 07:43 AM EST

07:43 AM EST, 01/22/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday, except for a gain versus the yen, ahead of the release of weekly jobless claims and revised Q3 gross domestic product data, both at 8:30 am ET.

Personal income and spending data for November are due to be released at 10:00 am ET, followed by weekly natural gas stocks inventory data at 10:30 am ET, the Kansas City Federal Reserve's manufacturing report for January at 11:00 am ET and weekly EIA petroleum stocks inventory data at 12:00 pm ET.

The Atlanta Fed is expected to update its GDP nowcast estimate for Q4 around midday.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD rose to 1.1703 from 1.1688 at the Wednesday US close but was below a level of 1.1714 at the same time Wednesday morning. Eurozone consumer confidence data for January are due to be released at 10:00 am ET. The next European Central Bank meeting is scheduled for Feb. 5.

GBP/USD rose to 1.3431 from 1.3426 at the Wednesday US close and 1.3415 at the same time Wednesday morning. UK retail sector conditions improved in January but there were still more sales decreases reported than increases, according to data released earlier Thursday. The next Bank of England meeting is scheduled for Feb. 5.

USD/JPY rose to 158.5812 from 158.3630 at the Wednesday US close and 157.8652 at the same time Wednesday morning. Japan's trade surplus narrowed in December, according to data released overnight. The Bank of Japan is expected to hold its target rate steady when it releases its policy announcement at 10:00 pm ET Thursday evening.

USD/CAD fell to 1.3815 from 1.3831 at the Wednesday US close and 1.3817 at the same time Wednesday morning. Canadian home price data for December 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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