Erasing losses, the U.S. dollar gained against most major currencies in the European session on Friday, as traders await monthly jobs report due today.
Economists expect employment to increase by about 163,000 jobs in May following the addition of 165,000 jobs in April. The unemployment rate is expected to remain unchanged at 7.5 percent.
Traders are paying more attention to data as slower jobs growth might help Federal Reserve to continue its asset purchase program.
Recent U.S. data was not quite good with U.S. jobless claims for the week ended June 01 showing only a modest decrease, while the private sector added fewer jobs than expected.
The greenback is now trading at 0.9284 against the franc, up from an early low of 0.9252. The greenback-franc pair may eye resistance around 0.935 level. At Thursday's close, the currency cross ended trading at 0.9291.
The greenback climbed to 1.3223 against the euro, after sliding to 1.3268 at 12:20 am ET. The pair finished yesterday's trading at 1.3244. The next resistance level for the greenback lies around 1.315.
Germany's central bank today lowered the economy's growth projections for this year as well as the next and said "structural problems" in Eurozone remained a major impediment to rapid improvement.
Bundesbank said it expects German gross domestic product to grow 0.3 percent this year, weaker than 0.4 percent forecast in December. The economy is seen growing 1.5 percent in 2014, down from an initially predicted 1.9 percent expansion.
The greenback regained to 1.5559 against the pound from a low of 1.5617 hit in prior deals. On the upside, the greenback has resistance around 1.545 level. The pound-greenback pair closed Thursday's deals at 1.5601.
The U.K. visible trade deficit narrowed sharply in April largely reflecting a decline in imports, the Office for National Statistics said today.
The deficit on trade in goods fell to GBP 8.2 billion in April from GBP 9.2 billion in March. The April figure was better than the expected GBP 8.8 billion deficit.
