US Dollar Falls Early Friday Ahead of Employment Costs, Chicago PMI

07:40 AM EDT, 10/30/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of the release of the employment cost index for Q3 at 8:30 am ET and the Chicago PMI for October at 9:45 am ET. The St. Louis Federal Reserve is expected to publish the first estimate of its GDP nowcast estimate for Q4 around midday. San Francisco Fed President Mary Daly is due to speak at 12:00 pm ET. A quick summary of foreign exchange activity heading into Friday: EUR/USD rose to 1.1200 from 1.1174 at the Thursday US close and1.1146 at the same time Thursday morning. Earlier Friday, data showed that Eurozone GDP growth slowed in Q3, though the year-over-year rate accelerated, and the Eurozone unemployment rate held steady in September. ECB policy board member Philip Lane is due to speak at 12:10 pm ET. The next European Central Bank meeting is scheduled for Dec. 17. GBP/USD rose to 1.3431 from 1.3380 at the Thursday US close and 1.3328 at the same time Thursday morning. UK home prices held steady in October, slowing the year-over-year rate, according to data released earlier Friday. The next Bank of England meeting is scheduled for Nov. 5. USD/JPY fell to 157.0851 from 157.6842 at the Thursday US close and 157.9682 at the same time Thursday morning. The Bank of Japan maintained its target rate at its meeting overnight, with one dissent for a further increase. The next Bank of Japan meeting is scheduled for December 17-18. Tokyo consumer price growth accelerated in October while Japanese retail sales growth slowed in September, Japanese industrial production rebound in September from a decline in the previous month, and Japanese housing starts declined, according to data released overnight. USD/CAD fell to 1.3958 from 1.3986 at the Thursday US close and 1.3976 at the same time Thursday morning. Canadian GDP data for August is expected to be released at 8:30 am ET, followed by the Canadian budget balance for August at 11:00 am ET. The next Bank of Canada meeting is scheduled for Dec. 9.