The US dollar strengthened as uncertainty over the US coronavirus stimulus package once again plunged investors to release their holdings on risky currencies that were also affected by volatile sentiment in the market.
The dollar index, which measures the strength of the greenback dollar against six major currencies, traded higher at 93.88.
The main focus of the market is now on the publication of NFP employment reports tonight after being shown with better than expected ADP data, with 749,000 increase in private employment.
Meanwhile, US unemployment interest claims are down by 837,000 last week. However, the decline was seen to be weak due to the number recorded not far from the previous week's reading of 873,000.
Meanwhile, the U.S. House of Representatives approved a $ 2.2 trillion stimulus plan on Thursday night even though Democrats and the Trump administration are still struggling to reach an agreement.
The bill will then be submitted to the Senate, which is expected to fail as the Trump administration holds majority power in the chamber.
U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continue negotiations for a coronavirus stimulus package. However, Pelosi later said that the differences between Democrats and Republicans on national and local aid issues are still far from an agreement.
The New Zealand dollar remained strong after reaching a one-week high against the USD.
Meanwhile, the Aussie dollar traded stable despite the manufacturing PMI index showing a fall in September, but investors ignored it as they waited for a stronger recovery in October.
