US Dollar Rises Early Friday Ahead of S&P Global Flash Estimates, Michigan Sentiment

07:42 AM EDT, 10/23/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the Canadian dollar, ahead of the release of the S&P global flash estimates of manufacturing and services for October at 9:45 am ET and the final University of Michigan consumer sentiment reading for October at 10:00 am ET. The Kansas City Federal Reserve's services reading for October is due to be released at 10:00 am ET, and the St. Louis Fed is due to update its GDP nowcast estimate for Q3 around midday. A quick summary of foreign exchange activity heading into Friday: EUR/USD fell to 1.1196 from 1.1213 at the Thursday US close and 1.1201 at the same time Thursday morning. Preliminary Eurozone manufacturing and services PMI both declined in October but remained above their breakeven points to indicate continued expansion, according to data released earlier Friday. The next European Central Bank meeting is scheduled for Oct. 29. GBP/USD fell to 1.3374 from 1.3393 at the Thursday US close but was above a level of 1.3364 at the same time Thursday morning. UK retail sales declined in September, slowing the year-over-year growth rate, while the preliminary UK manufacturing and services PMI readings for October both increased to indicate faster expansion, data released earlier Friday showed. The next Bank of England meeting is scheduled for Nov. 5. USD/JPY rose to 156.9331 from 156.8952 at the Thursday US close and 156.8412 at the same time Thursday morning. Japanese consumer prices were flat in September, but the year-over-year rate accelerated, while the preliminary Japanese manufacturing PMI declined and the services PMI rose in October, according to data released overnight. The next Bank of Japan meeting is scheduled for Oct. 30. USD/CAD fell to 1.3998 from 1.4015 at the Thursday US close and 1.4039 at the same time Thursday morning. Canadian retail sales data for August and manufacturing sales data for September are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Oct. 28.