US Dollar Falls Early Friday Ahead of Import Prices, New York Fed Services, Industrial Production

07:40 AM EDT, 10/16/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of the release of import and export price data for September and the New York Federal Reserve's services reading for October, all at 8:30 am ET. Industrial production data for September are due to be released at 9:15 am ET, followed by an update to the St. Louis Fed's GDP nowcast estimate for Q3 around midday and the Treasury's TICS data for August at 4:00 pm ET. A quick summary of foreign exchange activity heading into Friday: EUR/USD rose to 1.1258 from 1.1213 at the Thursday US close and 1.1216 at the same time Thursday morning. Eurozone consumer prices rose as expected in September, lifting the year-over-year rates for both the overall and core readings. The next European Central Bank meeting is scheduled for Oct. 29. GBP/USD rose to 1.3337 from 1.3277 at the Thursday US close and 1.3258 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for Nov. 5. USD/JPY fell to 158.0291 from 158.0821 at the Thursday US close but was above a level of 157.9212 at the same time Thursday morning. Japanese consumer sentiment declined in October, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30. USD/CAD fell to 1.4151 from 1.4188 at the Thursday US close and 1.4195 at the same time Thursday morning. Canadian housing starts data for September are due to be released at 8:15 am ET, followed by Canadian securities purchases data for August at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 28.