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Greenback ascends vs. other majors ahead of American jobs report

On Friday, the greenback traded higher against other key currencies, as recent upbeat American data keeps backing the greenback, while traders eyed a highly-anticipated American employment data due later in the day.

The currency pair EUR/USD lost 0.24%, dropping to a two-month minimum of 1.1122.

On Thursday, the greenback was powered after data, showing that American initial jobless claims dipped by 5,000 to 249,000 by October 1. Financial experts had expected jobless claims to soar by 3,000 to 257,000 the previous week.

Market participants were waiting for the American nonfarm payrolls report due later in the day for further clues on the strength of the job market, as the US major bank has indicated that future interest rate decisions will be absolutely data-dependent.

Meanwhile, the currency pair GBP/USD dived 1.23%, hitting a fresh 31-year minimum of 1.2461.

Traders were also paying attention to approaching data on British manufacturing production, as worries regarding a probable tough Brexit kept weighing heavily on the sterling.

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