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US Dollar Rises Early Thursday Ahead of Jobless Claims, New York Fed Services, Philadelphia Fed Manufacturing

BY MT Newswires | ECONOMIC | 07:38 AM EDT

07:38 AM EDT, 04/16/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen, ahead of the release of weekly jobless claims data, the New York Federal Reserve's services index for April, and the Philadelphia Fed's manufacturing reading for April, all at 8:30 am ET.

New York Fed President John Williams is due to speak at 8:35 am ET, followed by industrial production data for March at 9:15 am ET, weekly natural gas data at 10:30 am ET, and an appearance by Fed Governor Stephen Miran at 10:35 am ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD fell to 1.1787 from 1.1801 at the Wednesday US close, but was above a level of 1.1779 at the same time Wednesday morning. Eurozone consumer prices rose more than expected in March, lifting the year-over-year rate, data released earlier Thursday showed. European Central Bank policy board member Isabel Schnabel is scheduled to speak at 9:00 am ET, followed by policy board member Philip Lane at 2:30 pm ET. The next European Central Bank meeting is scheduled for April 30.

GBP/USD fell to 1.3551 from 1.3572 at the Wednesday US close and 1.3552 at the same time Wednesday morning. UK GDP rose at a faster pace in February than in the previous month, according to data released earlier Thursday. Bank of England Deputy Governor Sam Woods is due to speak at 11:40 am ET. The next Bank of England meeting is scheduled for April 30.

USD/JPY fell to 158.9251 from 158.9763 at the Wednesday US close and 158.9762 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for April 27-28.

USD/CAD rose to 1.3732 from 1.3730 at the Wednesday US close, but was below a level of 1.3782 at the same time Wednesday morning. Canadian new motor vehicle sales data for February are due to be released at 8:30 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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