The greenback snapped its earlier advance as investor's attention turned quickly to the NFP report which is expected to show that the world's no.1 economy added the largest number of jobs in three months in December.

The jobs report will show that the economy added155,000 jobs in December,the largest addition, compared with the prior addition of 120,000, while unemployment will rise to 8.7% from 8.6%.

Investor's attention shifted quickly from the euro zone after the drop in European confidence to two-year low to the awaited jobs report on hopes the U.S. economy's progress will overshadow the turbulence of the European debt crisis.

The most recent data from the U.S. has been showing remarkable progress; while the latest comments from the Fed referred that there will be not additional stimulus.

Although the dollar has pared its earlier advance, it is still hovering around one-year high as the green currency took advantage this week of the worries from the euro area which increased the appeal of the dollar as a safe harbor.

The U.S. dollar index, which tracks the dollar's movement versus a basket of major currencies, rose sharply as the enhanced demand on the dollar as a refuge, to touch a high of 80.60 compared with the day's starting level of 80.10.

On the other hand, the euro is still moving around 15-month low against the green currency and 11-year low versus the Japanese yen.

Concerning the EUR/JPY pair, it remained near 11-year low the daily charts to trade around 98.65 after recording a high of 98.83 and a low of 98.49.

The trading range for the day is expected among the key support at 97.40 and the key resistance at 101.80.

Moving to the GBP/USD pair, it showed a rebound amid the slight improvement in the sentiment which enhanced risk appetite, where the pair is currently hovering around 1.5512 while recording a high of 1.5517 and a low of 1.5474.

The trading range for today is among key support at 1.5180 and key resistance at 1.5780.