The euro slipped on Friday trading as Greece used activate collective action clauses (CACs) in its historical debt-swap deal with private sector bondholders.

The agreement with private sector bondholders witnessed a high participation rate of 95.7% for investors, where private creditors agreed to swap nearly 85.5%, after they tendered 152 billion euros, of their bond holdings for new securities, to record the biggest sovereign restructuring in history.

However, concerns revived in markets as activating CACs would trigger an outright default, thereby provokes Credit Default Swaps, and may cause some creditors to pursue legal action.

Yet, the International Swaps and Derivatives Association (ISDA) committee will decide as of 1 p.m. when they meet in London whether a credit event has took place.

Thereafter, at 2 p.m. euro area finance ministers will hold a telephone conference to see if the swap deal seals a second bailout for Greece, where the final results from the offer are expected to be announced officially Friday at 08:00 p.m. in Athens.

The EUR/USD pair is currently showing decline as it fell after hitting strong resistance near 1.3280 levels to trade around 1.3220, where the day's high was touched at 1.3277 while the low was recorded at 1.3210.

The trading range for today is among key support at 1.3005 and key resistance at 1.3455.

Oppositely, the U.S. dollar rebounded to hover around 79.40 after opening today's trades at 79.12, according to the dollar index which tracks the dollar's movements versus a basket of major currencies.

The dollar surged before the awaited non-farm payrolls data which is expected to show that U.S. economy hired 210,000 workers in February, after adding 243,000 jobs in January.

Versus the yen, the greenback rose for a second day near 9-month high to trade around 81.85 after recording a high of 81.89 and a low of 81.44.

The trading range for today is among key support at 80.00 and key resistance now at 82.70.

Moving to the British pound, it slipped rose against the green currency after the 0.4% drop in industrial production in January, lower-than estimated advance in manufacturing production and rise in producer prices.

The pair is trading around 1.5780 after recording a high of 1.5830 and a low of 1.5748, where the trading range for today is among key support at 1.5555 and key resistance at 1.6025.