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US Dollar Mixed Early Friday Before Housing Starts, Import, Export Prices

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The US dollar was mixed against its major trading partners early Friday -- up versus the euro and pound, down versus the yen and Canadian dollar -- ahead of the release of housing starts and import and export price data, all for June, at 8:30 am ET.

Industrial production data for June is due to be released at 9:15 am ET, followed by the preliminary University of Michigan consumer sentiment reading for July at 10:00 am ET.

The St. Louis and Atlanta Federal Reserve banks are due to update their GDP nowcast estimates for Q2 around midday.

A quick summary of foreign exchange activity heading into Friday:

EUR/USD fell to 1.1426 from 1.1441 at the Thursday US close and 1.1460 at the same time Thursday morning. Eurozone consumer prices declined in June while core consumer prices rose as expected, slowing the year-over-year growth rates, according to data released earlier Friday. The next European Central Bank meeting is scheduled for July 23.

GBP/USD fell to 1.3436 from 1.3475 at the Thursday US close and 1.3502 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for July 30.

USD/JPY fell to 162.3573 from 162.3986 at the Thursday US close, but was above a level of 162.1334 at the same time Thursday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.

USD/CAD fell to 1.4035 from 1.4049 at the Thursday US close, but was above a level of 1.4032 at the same time Thursday morning. Canadian foreign securities purchases data for May are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 2.

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