he dollar fell against the euro and yen on Friday as investors awaited a key US employment report amid tentative signs of a recovery in the world's largest economy.
In late morning trading here, the European single currency rose to 1.4361 dollars from 1.4347 dollars in New York late on Thursday.
Against the Japanese currency, the dollar dropped to 95.41 yen from 95.44 yen late Thursday.
All eyes were on Friday's non-farm payrolls data in the United States amid mounting hopes that the pace of job losses there was slowing.
"Optimism is growing that the (US) economy has hit bottom and that it has exited the worst of the downturn. The market is out of its phase of utter hopelessness," said Hachijuni Bank foreign exchange strategist Masatsugu Miyata.
But he noted that the picture was not entirely rosy, with consumer spending and retail sales still sluggish.
The euro edged up following a fall on Thursday after the European Central Bank left its key interest rate unchanged at a record low 1.0 percent.
Dealers noted that ECB president Jean-Claude Trichet voiced confidence about the prospects for an economic recovery but also warned that the outlook remained uncertain.
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