The dollar is experiencing mixed movement against other major currencies on Friday in New York. The lack of conviction came with little economic news overseas and mixed reaction to the U.S. government's key employment data released earlier in the day.

The buck edged up against euro while continuing weakness against the pound for the fifth day in a row. Meanwhile, the greenback cracked the 100 mark against the yen in the early morning hours, but has been largely inconsistent, fluctuating above and below the benchmark figure since.

On the U.S. economic front, unemployment figures remained dismal, but investors were braced for the data after a string of two reports from the labor sector earlier in the week gave an indication of the quality of Friday's numbers. Meanwhile, numbers from the service sector came in lower than expected, prompting further choppy trading in the markets on Friday.

The dollar edged higher against the euro in late morning New York, slowing the Eurozone currency's advance in previous days. At about 11 a.m. ET, the dollar moved to 1.3431. With the weakening of the euro, the buck has stopped short of returning gains posted earlier in the week.

Data from Markit Economics showed that the purchasing managers' index for the services sector rose to 40.9 in March from February's 39.2 and a flash reading of 40.1. A PMI reading above 50 indicates expansion in the sector, while below 50 suggests contraction.

The composite index, which combines both service sector and manufacturing sector PMIs, increased to 38.3 from 36.2 in the previous month. That was reportedly the biggest monthly rise since October 2003. It was also up from the preliminary reading of 37.6.

Meanwhile, the dollar extended its losing streak against the sterling for the fifth day. The greenback has given back all of the previous week's gains and hit as low as 1.4787, its lowest level against the pound since early February.

Investors focused on report from Lloyds Banking Group Plc's Halifax division showed that the house price index slipped 1.9% in March, slower than a 2.3% decline in February. Economists expected house prices to fall only 1.8%.

Meanwhile, against the yen, the dollar was able to break the 100 mark earlier in the morning posting its highest level since early November. Moving into the early afternoon hours in New York, the buck has backed off the mark and is sitting at 99.85. The greenback recorded a level of 100.20, its highest quote since Nov. 4.

Recently, the Japanese currency has been under considerable pressure as the government announced the likelihood of a third stimulus package for the export giant.

U.S. economic data from the Labor Department that showed that non-farm payroll employment fell by 663,000 jobs in March following an unrevised decrease of 651,000 jobs in February. The drop in jobs came roughly in line with economists' expectations of a decrease of 658,000 levels.

While the decrease in jobs in February was unrevised, the drop in jobs in January was revised to 741,000 from the 655,000 that had been reported previously.

With the continued decrease in jobs, the unemployment rate rose to 8.5 percent in March from 8.1 percent in February, in line with expectations. The increase lifted the unemployment rate to its highest level since November of 1983.

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