The US dollar weakened against major currencies on Friday as investors awaited the release of the monthly nonfarm payrolls report. The dollar index, which measures the greenback against a basket of six major currencies, dropped 0.2% to 92.123.
Market participants are closely monitoring the US labor market data for insights into the economic recovery and potential policy changes by the Federal Reserve. Economists expect the report to show a gain of 720,000 jobs in August, which could influence the central bank's timeline for tapering its asset purchases.
