US Dollar Rises Early Friday Ahead of Fed Chair Warsh Appearance

07:56 AM EDT, 08/28/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the Canadian dollar, ahead of Federal Reserve Chairman Kevin Warsh's keynote address at the Fed's Jackson Hole Symposium, due at 10:00 am ET, at the same time as the final estimate of the University of Michigan's sentiment reading for August and the BLS's first estimate of the payrolls benchmark revision. Earlier in the day, the Chicago PMI report for August is due to be released at 9:45 am ET. The Kansas City Fed's services reading for August is scheduled to be released at 11:00 am ET, and the St. Louis Fed is due to update its Q3 GDP nowcast estimate around midday. A quick summary of foreign exchange activity heading into Friday: EUR/USD fell to 1.1647 from 1.1651 at the Thursday US close but was above a level of 1.1641 at the same time Thursday morning. Eurozone consumer confidence improved in August, but remained below its breakeven point, while the business climate reading declined further into negative territory, according to data released earlier Friday. European Central Bank policy board member Isabel Schnabel is scheduled to speak at 11:55 am ET. The next European Central Bank meeting is scheduled for Sept. 10. GBP/USD fell to 1.3586 from 1.3593 at the Thursday US close but was above a level of 1.3575 at the same time Thursday morning. There are no UK data on Friday's schedule, but Bank of England policy board member Catherine Mann is due to speak at 10:30 am ET. The next Bank of England meeting is scheduled for Sept. 17. USD/JPY rose to 159.6612 from 159.3991 at the Thursday US close and 159.4722 at the same time Thursday morning. Tokyo consumer prices, an early indicator of Japanese CPI, showed an accelerated pace of growth in August, while the Japanese unemployment rate declined in July, according to data released overnight. The next Bank of Japan meeting is scheduled for Sept. 17-18. USD/CAD fell to 1.3850 from 1.3854 at the Thursday US close and 1.3875 at the same time Thursday morning. Canadian GDP data for Q2 and June are due to be released at 8:30 am ET, followed by Canadian budget data for June at 11:00 am ET. The next Bank of Canada meeting is scheduled for Sept. 2.