The euro increased against the dollar and the Swiss franc as the European stocks jumped today ahead of a key U.S. employment report. Meanwhile, the euro recovered its Asian session's loss against the pound and the yen.
The euro strengthened against the dollar in early deals on Friday. Currently, the euro-dollar pair is worth 1.4906, up from Thursday's close of 1.4871. If the pair climbs further, it may target the 1.4919 level.
During early deals on Friday, the euro climbed to a 3-day high of 1.5129 against the Swiss franc. The next upside target level for the euro-franc pair is seen at 1.5175. At yesterday's close, the pair was quoted at 1.5115.
The euro that fell to 134.50 against the yen at 2:10 am ET Friday reversed direction thereafter. As of now, the euro-yen pair is worth 134.86, compared to 135.01 hit late New York Thursday. On the upside, 135.75 is seen as the next target level for the European currency.
The euro advanced against the pound after touching a low of 0.8949 at 2:30 am ET Friday. At present, the euro-pound pair is trading near yesterday's close of 0.8970. The near term resistance for the pair is seen around the 0.905 level.
