Investing.com - The dollar was steady against the other major
currencies on Friday, as investors remained cautious ahead of the
release of a highly-anticipated U.S. nonfarm payrolls report due
later in the day.
The dollar was little changed against the euro, with EUR/USD
down 0.04% to 1.3862.
The euro found some support after data showed that the unemployment
rate in the euro zone remained unchanged at 11.8% in March,
confounding expectations for a rise to 11.9%. March's figure was
revised down from a previously estimated rate of 11.9%.
Separately, Markit said Germany's manufacturing purchasing
managers' index slipped to 54.1 last month, from a reading of 54.2
in March. Analysts had expected the index to remain unchanged in
In Italy however, the manufacturing PMI rose to a 35-month high
of 54.0 last month, from a reading of 52.4 in March, while Spain's
manufacturing PMI ticked down to 52.7 in April, from a reading of
52.8 the previous month.
The final euro zone manufacturing PMI ticked up to 53.4 in
April, from 53.3 in March. Analysts had expected the index to
remain unchanged last month.
The pound was also steady against the dollar, with GBP/USD
dipping 0.05% to 1.6884.
Earlier Friday, Markit said the U.K. construction PMI fell to
60.8 in April, from a reading of 62.5 the previous monh. Analysts
had expected the index to tick down to 62.0 last month.
The pound had rallied to its highest level since August 2009
against the dollar on Thursday, after data showed that
manufacturing activity in the U.K. expanded at the fastest rate in
five months in April, bolstering the outlook for the wider
A recent string of upbeat reports about the U.K. economy has
raised expectations the Bank of England could raise borrowing costs
ahead of other central banks.
The dollar was higher against the yen, with USD/JPY adding 0.13%
to 102.46 and little changed against the Swiss franc, with USD/CHF
inching up 0.05% to 0.8797.
In Japan, data showed that household spending rose 7.2% in March
compared to a year earlier, after a 2.5% drop the previous month.
Analysts had expected household spending to rise 1.0% in March.
Meanwhile, a report showed that the Swiss SVME PMI rose to 55.8
last month, from a reading of 54.4 in March, compared to
expectations for a rise to 55.5.
The greenback was steady to higher against the Australian, New
Zealand and Canadian dollars, with AUD/USD down 0.01% to 0.9271,
NZD/USD edging 0.07% higher to 0.8639 and USD/CAD up 0.10% to
In Australia, official data showed that producer price inflation
rose 0.9% in the first quarter, more than the expected 0.6% gain,
after a 0.2% uptick in the three months to December.
The US Dollar Index, which tracks the performance of the greenback
versus a basket of six other major currencies, was up 0.05% to
Investors were looking ahead to the upcoming April nonfarm
payrolls report, which was expected to show that the recovery in
the labor market was continuing.
offers an extensive set of professional tools for the financial
Read more News on Investing.com and download the new
Investing.com Stocks & Forex App