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US Dollar Rises Early Friday Ahead of Michigan Sentiment, State Unemployment, Leading Indicators

BY MT Newswires | ECONOMIC | 07:55 AM EDT

07:55 AM EDT, 05/22/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Friday ahead of the release of the final University of Michigan consumer sentiment reading for May, state-level unemployment data for April, and leading indicators data for April, all at 10:00 am ET.

Federal Reserve Governor Christopher Waller is due to speak at 10:00 am ET, followed by the Kansas City Fed's services reading for May at 11:00 am ET and an update to the St. Louis Fed's GDP nowcast estimate around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1596 from 1.1622 at the Thursday US close and 1.1609 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for June 11.

GBP/USD fell to 1.3421 from 1.3437 at the Thursday US close and 1.3433 at the same time Thursday morning. UK retail sales declined in April, slowing the year-over-year rate, according to data released earlier Friday. The next Bank of England meeting is scheduled for June 18.

USD/JPY rose to 159.1362 from 158.9069 at the Thursday US close and 159.0820 at the same time Thursday morning. Japanese consumer price growth slowed in April, according to data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.

USD/CAD rose to 1.3797 from 1.3779 at the Thursday US close and 1.3763 at the same time Thursday morning. Canadian retail sales data for March and industrial product prices for April are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for June 10.

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

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