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US Dollar Rises Early Friday Ahead of Final Michigan Sentiment, Kansas City Services Data

BY MT Newswires | ECONOMIC | 07:47 AM EDT

07:47 AM EDT, 03/27/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the Canadian dollar, ahead of the release of the final University of Michigan consumer sentiment reading for March at 10:00 am ET, followed by the Kansas City Federal Reserve's services index for March at 11:00 am ET, at the same time as an appearance by Richmond Fed President Tom Barkin.

The St. Louis Fed is expected to update its Q1 GDP nowcast estimate around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1511 from 1.1523 at the Thursday US close and 1.1557 at the same time Thursday morning. There are no Eurozone data on Friday's schedule, but European Central Bank policy board member Isabel Schanabel is due to speak at 12:00 pm ET. The next European Central Bank meeting is scheduled for April 30.

GBP/USD fell to 1.3302 from 1.3314 at the Thursday US close and 1.3356 at the same time Thursday morning. UK retail sales declined in February, slowing the year-over-year growth rate, according to data released Friday. The next Bank of England meeting is scheduled for April 30.

USD/JPY rose to 159.8811 from 159.8301 at the Thursday US close and 159.5211 at the same time Thursday morning. No Japanese data were released overnight. The next Bank of Japan meeting is scheduled for April 27-28.

USD/CAD fell to 1.3851 from 1.3857 at the Thursday US close, but was above a level of 1.3840 at the same time Thursday morning. Canadian wholesale sales data for February are due to be released at 8:30 am ET, followed by the January budget balance at 11:00 am ET. The next Bank of Canada meeting is scheduled for April 29.

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

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