The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough also helping sentiment.
Against a basket of currencies, the greenback is on track for its biggest weekly drop in a month, of 0.4%. However, it could swing in either direction depending on U.S. jobs data due at 12:30 GMT.
The mood also lifted sterling above $1.25 for the first time in a week. It last sat at $1.2482, having bounced almost 2% from a one-month low hit on Monday.
Non-farm payrolls figures are expected to show an increase of 3 million jobs last month.
But estimates vary widely amid concerns about whether the U.S. economy can sustain its recovery as coronavirus infections surge and some states reimpose limits on business and personal activity.
Source : Reuters
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