The strengthening of the US dollar giant continued into the European session with only a few hours left for the US NFP jobs report published tonight.
Market sentiment turned gloomy after Russian President Vladimir Putin announced gas payments in rubles by warning it would restrict European supplies if they did not comply.
The euro depreciated lower following the announcement, but is still on track to post its first weekly gain supported by hopes of Ukrainian-Russian talks.
The talks will resume on Friday despite apparently the chances of getting a deal slimming after Russia began retaliating against sanctions.
Recently published European Zone inflation data showed consumer prices hitting another record by jumping to an all -time high of 7.5% in March. However, the euro failed to react to the data.
While waiting for the FOMC policy meeting to take place next week, investors are now focusing on the release of key NFP data today which is expected to show slower growth.
However, if the numbers recorded are stronger than expected, the US dollar has the potential to soar higher.
The pound, on the other hand, has changed little, still influenced by the statement by the Governor of the Bank of England (BOE), Andrew Bailey, to start slowing the tightening of monetary policy.
However, the Aussie dollar came as a surprise in the European session over the weekend despite slightly gloomy sentiment, signaling investor optimism for a rate hike by the Australian Central Bank (RBA) this year.
