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US Dollar Mixed Early Friday Ahead of Q4 GDP, Personal Income, S&P Flash Estimates

BY MT Newswires | ECONOMIC | 02/20/26 07:49 AM EST

07:49 AM EST, 02/20/2026 (MT Newswires) -- The US dollar was mixed against its major trading partners early Friday -- up versus the euro and yen, down versus the pound and Canadian dollar -- ahead of the first look at Q4 GDP and personal income, spending and price data for December, all due to be released at 8:30 am ET.

S&P Global is due to release flash estimates of manufacturing and services conditions for February at 9:45 am ET, at the same time as an appearance by Atlanta Federal Reserve President Raphael Bostic.

New home sales data for December and the final University of Michigan consumer sentiment reading for February are both due to be released at 10:00 am ET, followed by the initial Q1 GDP nowcast estimate from the Atlanta Fed around midday.

Dallas Fed President Lorie Logan is due to speak at 1:15 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1765 from 1.1768 at the Thursday US close and 1.1779 at the same time Thursday morning. Eurozone manufacturing and services PMI both improved in February and indicate modest expansion, according to preliminary data released earlier Friday. The next European Central Bank meeting is scheduled for March 19.

GBP/USD rose to 1.3477 from 1.3458 at the Thursday US close and 1.3464 at the same time Thursday morning. UK retail sales surged in January, lifting the year-over-year rates, according to data released earlier Friday. Separately, the preliminary UK manufacturing PMI improved in February while the services reading fell slightly. The next Bank of England meeting is scheduled for March 19.

USD/JPY rose to 155.3005 from 155.0861 at the Thursday US close and 154.6451 at the same time Thursday morning. Japanese consumer prices declined in January, lowering the year-over-year rate, while Japanese manufacturing and services PMI both improved in February, according to data released overnight. The next Bank of Japan meeting is scheduled for March 18-19.

USD/CAD fell to 1.3684 from 1.3694 at the Thursday US close and 1.3691 at the same time Thursday morning. Canadian retail sales for December and January and industrial product and raw materials prices for January are due to be released at 8:30 am 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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