US dollar dips, eyes on jobs report

US dollar fell on Friday, as risk appetite increased, supported by positive business results from major technology companies on Wall Street, while traders awaited US jobs data later in the day in an effort to obtain indications of when the Federal Reserve could begin cutting interest rates. .

According to Reuters, risk appetite helped the Australian dollar rise by 0.33%, to record in the latest transactions 0.6594 US dollars, and is heading to end the week with an increase of 0.3%.

The New Zealand dollar advanced 0.11% to $0.6151 and is heading for a 1% weekly rise, its best performance in more than a month.

Against a basket of currencies, the dollar fell 0.06% to 102.99, continuing the decline after falling 0.5% in the previous session.

The dollar index is heading to record its first weekly decline this year.

There was no significant change in the yen, which settled at 146.36 to the dollar. The currency is on its way to achieving a weekly gain of more than one percent, which is its best weekly performance in more than a month.

The British pound rose 0.07% to $1.2752, while the euro rose 0.08% to $1.0880, heading towards recording a weekly gain of about 0.3%.

The closely watched non-farm payrolls report is due later on Friday, after the Federal Reserve kept interest rates unchanged at its most recent meeting as expected, but Chairman Jerome Powell dashed market expectations of a rate cut in March.