07:42 AM EDT, 07/19/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday ahead of a light data schedule leading into the weekend.

State-level unemployment data for June is scheduled to be released at 10:00 am ET, followed by an update to the St. Louis Federal Reserve's gross domestic product Nowcast estimate around midday, the last for Q2.

Before the Federal Open Market Committee's 'quiet period' begins Saturday, New York Fed President John Williams is due to speak at 10:40 am ET, followed by Atlanta Fed President Raphael Bostic at 1:00 pm ET. Both are voters on the FOMC this year, including the next meeting on July 30-31.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.0884 from 1.0896 at the Thursday US close and 1.0934 at the same time Thursday morning. The European Central Bank held interest rates steady at its meeting on Thursday and ECB President Christine Lagarde gave few hints about the path of future policy as inflation remains elevated except to say that the decision at the next meeting will be "wide open." The next ECB meeting is scheduled for Sept. 12. Data released overnight showed a larger Eurozone current account in May than in the previous month after seasonal adjustment.

GBP/USD fell to 1.2921 from 1.2944 at the Thursday US close and 1.2992 at the same time Thursday morning. UK retail sales fell sharply in June from May and were down slightly from a year earlier, data released overnight showed. The next Bank of England meeting is scheduled for Aug. 1.

USD/JPY rose to 157.4584 from 157.3877 at the Thursday US close and 156.4202 at the same time Thursday morning. Japanese consumer prices rose modestly in June from the previous month, keeping the overall year-over-year rate in line with May, but the core rate ticked up slightly. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD rose to 1.3715 from 1.3714 at the Thursday US close and 1.3682 at the same time Thursday morning. Canadian industrial product and raw materials prices for June and retail sales for May are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 24.