US Dollar Rises Early Thursday Ahead of Jobless Claims, Existing Home Sales

The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen, ahead of the release of weekly jobless claims data at 8:30 am ET, existing home sales data at 10:00 am ET, and natural gas stocks data at 10:30 am ET. New York Federal Reserve President John Williams is due to speak at 9:00 am ET, and Dallas Fed President Lorie Logan is scheduled to appear at 1:30 pm ET. A quick summary of foreign exchange activity heading into Thursday: EUR/USD fell to 1.1423 from 1.1428 at the Wednesday US close but was above a level of 1.1407 at the same time Wednesday morning. There are no Eurozone data on Thursday's schedule. The next European Central Bank meeting is scheduled for July 23. GBP/USD fell to 1.3394 from 1.3403 at the Wednesday US close but was above a level of 1.3344 at the same time Wednesday morning. UK consumer sentiment declined in July, according to data released earlier Thursday. The next Bank of England meeting is scheduled for July 30. USD/JPY fell to 162.4778 from 162.4794 at the Wednesday US close and 162.4918 at the same time Wednesday morning, but was on an upward trend early Thursday. Japanese machine tool orders growth.