The dollar rises before the release of US jobs data

The US dollar rose on Friday, trying to recover losses after the biggest daily decline in more than two weeks, with traders’ focus shifting to US jobs data for more indications of the economy’s strength.

The dollar index, which measures the performance of the US currency against a basket of major currencies, rose 0.21 percent to 105.92 after falling 0.68 percent on Thursday, which was its biggest decline since July 19. It was still about 3 percent below its mid-July high.

Investors are awaiting the US non-farm payroll data due at 1230 GMT, which provides indications of the performance of the US economy. Economists expect jobs to increase by 250,000 in July, after increasing by 372,000 in June.

The euro fell 0.17 percent to $ 1.02285 after fears of a slowdown in the US economy outweighed concerns related to a European energy crisis.

There was little change in the pound sterling and it was trading at $ 1.2156 after the Bank of England raised the interest rate at the highest rate in nearly 27 years to control inflation, but it warned of a prolonged recession starting from the last quarter of this year.

The dollar rose 0.24 percent against the Japanese yen to 133.27 yen, after falling 0.69 percent on Thursday.

There was little change in the Australian and New Zealand dollars, and the Australian dollar was trading against 0.69605 dollars, while the New Zealand dollars recorded 0.6299 dollars.

As for digital currencies, bitcoin rose 2.9 percent to $ 23,272.80.