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US Dollar Falls Early Friday Ahead of Michigan Sentiment, Kansas City Services

BY MT Newswires | ECONOMIC | 04/24/26 07:40 AM EDT

07:40 AM EDT, 04/24/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of the release of the final University of Michigan consumer sentiment reading for April at 10:00 am ET and the Kansas City Federal Reserve's services reading for April at 11:00 am ET.

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

A quick summary of foreign exchange activity heading into Friday:

EUR/USD rose to 1.1708 from 1.1687 at the Thursday US close and 1.1682 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for April 30.

GBP/USD rose to 1.3495 from 1.3469 at the Thursday US close and 1.3486 at the same time Thursday morning. UK retail sales rebounded in March after a decline in the previous month, according to data released earlier Friday. The next Bank of England meeting is scheduled for April 30.

USD/JPY fell to 159.4590 from 159.6959 at the Thursday US close and 159.7319 at the same time Thursday morning. Japanese national CPI rose in March after a February decline, lifting the year-over-year rate. The next Bank of Japan meeting is scheduled for April 27-28.

USD/CAD fell to 1.3687 from 1.3694 at the Thursday US close, but was above a level of 1.3674 at the same time Thursday morning. Canadian retail sales data for February and March are due to be released at 8:30 am ET, followed by the Canadian budget balance for February 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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