The dollar inched lower against most Group-of-10 currencies ahead of key US payrolls data later on Friday. The Australian dollar led commodity currency gains on the back of higher oil prices.
The Bloomberg Dollar Spot Index eased 0.1% after dropping 0.5% Thursday. The gauge is set to end four straight weeks of gains. Exporter buying helped AUD/USD chip away at option selling attached to strikes layered 0.6580/90, according to an Asia-based FX trader.
US non-farm payrolls probably rose 185,000 in January, less than December's strong 216,000, though the whisper number suggests a more resilient gain of 211,000. The jobless rate may inch up to 3.8%. Data Thursday showed an increase in jobless claims, suggesting a softening in the labor market.
AUD/USD advanced 0.4% to 0.6595 after falling to the lowest since November on Thursday.
The yield on policy-sensitive two-year Treasuries rose one basis point to 4.21%.
Source: Bloomberg
