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US Dollar Rises Early Thursday Ahead of Jobless Claims, Job Openings, Natural Gas Stocks Inventory Data, Bostic

BY MT Newswires | ECONOMIC | 08:02 AM EST

08:02 AM EST, 02/05/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of the release of weekly jobless claims data at 8:30 am ET, rescheduled job openings and hiring data for December at 10:00 am ET and weekly natural gas stocks data at 10:30 am ET.

Atlanta Federal Reserve President Raphael Bostic is due to speak at 10:50 am ET.

Earlier Thursday, outplacement firm Challenger, Gray & Christmas said layoffs intentions surged in January to their highest point for a January report since 2009, led by the transportation sector. Challenger said the jump in layoffs suggests employers are less optimistic about the outlook in 2026.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1793 from 1.1803 at the Wednesday US close and 1.1811 at the same time Wednesday morning. The European Central Bank is expected to hold its target rate steady in its post-meeting announcement at 8:15 am ET. ECB President Christine Lagarde is due to speak at 10:15 am ET. Earlier Thursday, Eurozone retail sales fell in December, slowing the year-over-year rate.

GBP/USD fell to 1.3570 from 1.3650 at the Wednesday US close and 1.3708 at the same time Wednesday morning. The Bank of England maintained its target rate on a five-to-four vote, as expected, but said that the rate is "likely to be reduced further." The next Bank of England meeting is scheduled for March 19. Earlier Thursday, UK car registrations' year-over-year growth slowed in January from the previous month.

USD/JPY rose to 157.1698 from 156.9294 at the Wednesday US close and 156.7234 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD rose to 1.3684 from 1.3667 at the Wednesday US close and 1.3658 at the same time Wednesday morning. There are no Canadian data on Thursday's schedule, but Bank of Canada Governor Tiff Macklem is due to speak at 12:25 pm ET. The next Bank of Canada meeting is scheduled for March 18.

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

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