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The dollar held on Friday, May 7, near its lowest level in a week, as it is under pressure ahead of the release of US jobs data, which is expected to boost hopes for a strong economic recovery after the pandemic and support investors’ appetite for risk.
Against a basket of major currencies, the dollar index reached 90.841, down less than 0.1% today. It is on the way to lose 0.5% on a weekly basis, after yesterday’s Thursday witnessed its worst daily performance in nearly two weeks.
By 07:29 GMT, the euro was up 0.1% today, at $1.207.
The pound sterling was slightly stronger against the dollar at $1.3911, and settled against the euro at 86.79 pence per euro.
The Australian dollar fell 0.3% against the US dollar, to 0.77645, while the New Zealand dollar fell 0.4% to 0.72125.
The Canadian dollar fell 0.2%, after jumping yesterday to its highest level in more than three years against the US dollar.
On the cryptocurrency front, Ethereum stabilized after reaching a new high yesterday. Bitcoin was little changed, which registered about $56,000.
