The euro pulled
away from a more than two-week high against the dollar on Friday after
German yields came off recent highs and investors fretted over Greece's
debt crisis as they awaited the U.S. non-farm payrolls report later in
the session.
The euro slipped about 0.2 percent on the day to $1.1217 EUR=,
after the yield on German 10-year Bunds DE10YT=RR fell back to 0.83
percent from its session peak of about 1 percent, its highest level
since late September 2014.
Greece's ongoing struggle to reach a deal with its lenders and avert a default continued to pressure the euro. The country delayed a key debt payment to the International Monetary Fund due on Friday as Prime Minister Alexis Tsipras, demanded changes to tough terms from creditors for aid.
The IMF said Athens planned to bundle four payments due in June into a single 1.6 billion euro lump sum which is now due on June 30.
Against the yen, the euro slipped about 0.1 percent to 139.60 EUR=, well above last week's low of 133.10 but pulling away from its high of 141.06 touched in the previous session, its loftiest level since early January.
The dollar was last slightly up on the day against its Japanese counterpart at 124.45 yen JPY=, within sight of a 12-1/2-year high of 125.07 hit on Tuesday.
An index tracking the dollar against a basket of rival currencies was still on track for a weekly loss of more than 1 percent, though the dollar index .DXY was up about 0.2 percent on the day at 95.607.
Later on Friday, economists polled by
Reuters expect the report will show U.S. employers added 225,000 jobs
in May, which would reinforce expectations that the U.S. Federal Reserve
could raise interest rates as early as September. Expectations of
higher rates would give the greenback a lift.
"If the figure is within expectations, the dollar could touch 125 again," said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm.
"There are commercial orders hoping to buy on dips if payrolls disappoint, and these people will have to cover at higher levels if the dip doesn't come," Ogino said.
New York Fed President William Dudley is scheduled to speak on the economy and monetary policy after the jobs data is released, and investors will be eager to hear his views on the labor market as well as the broader economic picture.
U.S. data on Thursday underpinned the dollar and gave investors no reason to pare their rate-hike bets.
Greece's ongoing struggle to reach a deal with its lenders and avert a default continued to pressure the euro. The country delayed a key debt payment to the International Monetary Fund due on Friday as Prime Minister Alexis Tsipras, demanded changes to tough terms from creditors for aid.
The IMF said Athens planned to bundle four payments due in June into a single 1.6 billion euro lump sum which is now due on June 30.
Against the yen, the euro slipped about 0.1 percent to 139.60 EUR=, well above last week's low of 133.10 but pulling away from its high of 141.06 touched in the previous session, its loftiest level since early January.
The dollar was last slightly up on the day against its Japanese counterpart at 124.45 yen JPY=, within sight of a 12-1/2-year high of 125.07 hit on Tuesday.
An index tracking the dollar against a basket of rival currencies was still on track for a weekly loss of more than 1 percent, though the dollar index .DXY was up about 0.2 percent on the day at 95.607.
"If the figure is within expectations, the dollar could touch 125 again," said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm.
"There are commercial orders hoping to buy on dips if payrolls disappoint, and these people will have to cover at higher levels if the dip doesn't come," Ogino said.
New York Fed President William Dudley is scheduled to speak on the economy and monetary policy after the jobs data is released, and investors will be eager to hear his views on the labor market as well as the broader economic picture.
U.S. data on Thursday underpinned the dollar and gave investors no reason to pare their rate-hike bets.
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