The U.S. non-farm payrolls report for January and trade balance report for December have been released at 8:30 am ET Friday. After these releases, the greenback recovered from early lows against the other major currencies.

The greenback was trading at 1.4529 against the pound, 1.1187 against the euro, 116.85 against the yen and 0.9919 against the franc around 8:32 am ET.

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