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US Dollar Rises Early Thursday Ahead of Jobless Claims, Productivity, Import Prices Data

BY MT Newswires | ECONOMIC | 03/05/26 07:50 AM EST

07:50 AM EST, 03/05/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the Canadian dollar, ahead of the release of weekly jobless claims, Q4 productivity and import and export prices for January, all at 8:30 am ET.

Weekly natural gas stocks inventory data are set to be released at 10:30 am ET, Fed Vice Chair for Supervision Michelle Bowman is due to speak at 1:15 pm ET and Chicago Fed President Austan Goolsbee is scheduled to speak at 7:00 pm ET.

Earlier Thursday, outplacement firm Challenger, Gray & Christmas reported that layoff intentions slowed in February after a surge in January, with the technology and education sectors posting the largest job cut expectations.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1609 from 1.1642 at the Wednesday US close and 1.1647 at the same time Wednesday morning. The Eurozone's construction purchasing managers' index rose modestly in February but still indicated contraction while Eurozone retail sales declined in January, according to data released earlier Thursday. European Centra Bank Vice President Luis de Guindos said overnight that a longer war in the Middle East could lift inflation expectations and require policy adjustment by the ECB, according to Dow Jones Newswires. ECB President Christine Lagarde is due to speak at 12:00 pm ET. The next European Central Bank meeting is scheduled for March 19.

GBP/USD fell to 1.3357 from 1.3379 at the Wednesday US close and 1.3385 at the same time Wednesday morning. UK new car registrations declined in February but were but were still up sharply from a year earlier, while the UK's construction PMI declined further below the breakeven point in the same month. The next Bank of England meeting is scheduled for March 19.

USD/JPY rose to 157.3596 from 157.0593 at the Wednesday US close and 157.0689 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 fell to 1.3632 from 1.3643 at the Wednesday US close and 1.3660 at the same time Wednesday morning. There are no Canadian data on Thursday's schedule. 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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