Market movements remain choppy heading into the weekend as investors await another key data release from the United States.
NFP data to be released in the New York session is expected to show a slower increase in employment in the US in April of 181,000 from the previous 236,00.
In addition, the unemployment rate is also projected to increase slightly to 3.6% from 3.5% recorded in March.
Although the decision of the Federal Reserve (Fed) policy is known, but the NFP is still important since Chairman Jerome Powell said the next interest rate setting will be determined by the data.
Against a basket of major currencies, the dollar index that measures the strength of the greenback traded little changed around a low of 102.28.
While the euro currency declined at the opening of the European session, it was still affected by the decision of the European Central Bank (ECB) which slowed down the increase in interest rates by 25 basis points at its latest meeting.
Meanwhile, the pound traded stronger after breaking through the 1.2600 price level against the greenback, the latest one-year high.
Looking at the movements of other major currencies, the yen remained strong with a boost from a weaker US dollar and continued uncertainty in the US banking crisis.
Investors will continue to scrutinize current developments in the banking sector following sharp falls in shares of Western Alliance and PacWest Bancorp on Thursday.
On the other hand, the Aussie and New Zealand dollars continued to hold on to earlier gains, while the dollar loonie also strengthened ahead of the release of Canadian jobs data in the New York session.
