Mubasher: US dollar eased against a basket of its major peers earlier on Friday, heading for weekly declines, ahead of US jobs report.

Earlier in the day, the US dollar index, a tracker of the greenback against six major currencies, inched down 0.1% to 94.929.

By 11:56 am GMT, the index went down 0.02% to 95.01.

US President Donald Trump hinted on Thursday that he would take his trade fights to Japan next, during a phone call with Wall Street Journal (WSJ) columnist James Freeman. In reaction to the news, the Japanese yen strengthened against the US dollar.

By 7:55 am GMT, the yen steadied against the dollar at JPY 110.73, while the greenback declined 0.2% against the euro (EUR) to $1.1642.

At 11:52 am GMT, the EUR/USD pair shed 0.09 to $1.1613, as the USD/JPY pair rose 0.11% to JPY 110.87.

The US dollar also dropped 0.07% against sterling pound (GBP) to $1.2939, while stabilised against the Swiss franc (CHF) at CHF 0.9650.

By 12:13 pm GMT, the GBP/USD pair climbed 0.60% to $1.3008, while the USD/CHF pair went up 0.06% to CHF 0.9658.

It is worth noting that the Bureau of Labor Statistics is due to release its highly anticipated report on jobs in the US later in the day.

Moreover, markets are bracing for the proposed US tariffs on a further $200 billion worth of Chinese imports, which could take effect shortly after the end of the period for public commentary on the measures.