The U.S. Labor Department is set to release its monthly non-farm payroll report at 8:30 am ET. Economists estimate that the U.S. economy lost 656,000 jobs in March and look for an unemployment rate of 8.5%.

The US dollar showed mixed trading against its major counterparts ahead of the report. While, the greenback edged slightly higher against the Japanese yen it showed some weakness against the rest of majors. As of now, the greenback was worth 99.93 against the yen, 1.3441 versus the euro, 1.1334 against the franc and 1.4766 versus the pound.

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