The Euro weakens slightly against the Dollar as traders await key US Nonfarm Payrolls figures later today.
The Euro trades 0.1% lower at 1.1545 against the US Dollar in early European trading on Friday. The modest decline follows a minor uptick in the Dollar as investors position for the US Nonfarm Payrolls report due later in the session.
Earlier this week, the EUR/USD pair hovered near 1.1560, supported by expectations of a softer US labor market print. Consensus estimates project 180,000 jobs added in August, down from 187,000 in July, with the unemployment rate holding at 3.5%.
Market focus remains squarely on the NFP release, which could influence Federal Reserve policy expectations for the remainder of the year.