Investing.com - The U.S. dollar was broadly higher against most of its major counterparts on Friday, as investors awaited the release of highly anticipated U.S. employment data, while sustained euro zone debt worries weighed on market sentiment.
During European late morning trade, the dollar was higher against the euro, with EUR/USD shedding 0.48% to 1.2878.
The euro extended losses against the greenback after Markit research group said that Spain's manufacturing purchasing managers' index fell more-than-expected in October, ticking down to 43.5 from a reading 0f 44.6 the previous month.
Analysts had expected the manufacturing PMI to fall to 44.0 in October.
Separately, Italy's manufacturing PMI fell to 45.50 last month, from 45.70 in September, disappointing expectations for a reading of 45.90.
Meanwhile, investors remained cautious amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.
The greenback was also higher against the pound, with GBP/USD falling 0.18% to 1.6102.
Markit said that the U.K. construction PMI improved to 50.9 in October from a reading of 49.5 the previous month.
Analysts had expected the construction PMI to fall to 49.1 in October.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY adding 0.16% to hit 80.25, and USD/CHF climbing 0.58% to trade at 0.9373.
In the minutes of its October policy meeting, the Bank of Japan said earlier that while the Japanese economy continues to level off, the bank will maintain the current level of economic stimulus.
In addition, the greenback was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD adding 0.09% to 0.9973, AUD/USD slipping 0.20% to 1.0379 and NZD/USD easing 0.03% to hit 0.8266.
Earlier in the day, official data showed that producer price inflation in Australia rose far less-than-expected in the third quarter, ticking up 0.06% after a 0.5% rise in the previous quarter.
Analysts had expected producer price inflation to jump 1.2% in the third quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.37%, to trade at 80.42.
Later in the day, the U.S. was to produce a government report on nonfarm payrolls, as well as data on the unemployment rate, followed by official data on average earnings and factory orders.
During European late morning trade, the dollar was higher against the euro, with EUR/USD shedding 0.48% to 1.2878.
The euro extended losses against the greenback after Markit research group said that Spain's manufacturing purchasing managers' index fell more-than-expected in October, ticking down to 43.5 from a reading 0f 44.6 the previous month.
Analysts had expected the manufacturing PMI to fall to 44.0 in October.
Separately, Italy's manufacturing PMI fell to 45.50 last month, from 45.70 in September, disappointing expectations for a reading of 45.90.
Meanwhile, investors remained cautious amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.
The greenback was also higher against the pound, with GBP/USD falling 0.18% to 1.6102.
Markit said that the U.K. construction PMI improved to 50.9 in October from a reading of 49.5 the previous month.
Analysts had expected the construction PMI to fall to 49.1 in October.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY adding 0.16% to hit 80.25, and USD/CHF climbing 0.58% to trade at 0.9373.
In the minutes of its October policy meeting, the Bank of Japan said earlier that while the Japanese economy continues to level off, the bank will maintain the current level of economic stimulus.
In addition, the greenback was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD adding 0.09% to 0.9973, AUD/USD slipping 0.20% to 1.0379 and NZD/USD easing 0.03% to hit 0.8266.
Earlier in the day, official data showed that producer price inflation in Australia rose far less-than-expected in the third quarter, ticking up 0.06% after a 0.5% rise in the previous quarter.
Analysts had expected producer price inflation to jump 1.2% in the third quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.37%, to trade at 80.42.
Later in the day, the U.S. was to produce a government report on nonfarm payrolls, as well as data on the unemployment rate, followed by official data on average earnings and factory orders.