The U.S. dollar dropped against its major rivals in the European session on Friday, as data showed that the U.S. job growth slowed sharply in March, casting uncertainty over the Fed rate outlook.

Data from the Labor Department showed that employment in the U.S. rose much less than anticipated in the month of March, although the unemployment rate still fell to its lowest level in almost ten years.

The Labor Department said non-farm payroll employment climbed by 98,000 jobs in March after surging up by a revised 219,000 jobs in February.

Economists had economists an increase of about 180,000 jobs compared to the jump of 235,000 jobs originally reported for the previous month.

While meeting with Donald Trump, Chinese President Xi Jinping urged for the development of bilateral trade and investment to boost the relationship between the nations in a healthy and stable manner.

"The meeting will be of great significance to charting China-US relationship in a new era, advancing the development of bilateral ties in a healthy and stable way from a new starting point, and promoting peace, stability and prosperity in the Asia-Pacific region and the world at large," Xinhua agency reported, quoting Chinese Vice Foreign Minister Zheng Zeguang as saying.

The greenback was trading lower against its most major rivals in the Asian session, as the U.S. military attack on an airbase in Syria fueled concerns of an escalation in the Syrian civil war.

The greenback declined to 1.2451 against the pound, following an 8-day rise to 1.2412 at 6:30 am ET. The greenback is likely to find support around the 1.26 region.

Data from the Office for National Statistics showed that he UK visible trade deficit widened to a five-month high in February.

The visible trade deficit increased unexpectedly to GBP 12.46 billion in February from GBP 11.97 billion in the prior month. The shortfall was forecast to narrow to GBP 10.9 billion.

Extending early slide, the greenback fell to near a 5-month low of 110.09 against yen. On the downside, 108.00 is possibly seen as the next support level for the greenback-yen pair.

Preliminary data from the Cabinet Office showed that Japan's leading index dropped to a 3-month low in February.

The leading index fell more-than-expected to 104.4 in February from 104.9 in January. This was the lowest score in three months.

The greenback, having advanced to a 2-day high of 1.0068 against the Swiss franc at 3:30 am ET, reversed direction and dropped to a 2-day low of 1.0021. If the greenback-franc extends slide, it may locate support around the 0.97 level.

Reversing from an early more than 3-week high of 1.0623 against the euro, the greenback weakened to 1.0667. Continuation of the greenback's downtrend may see it challenging support around the 1.075 area.

Figures from Destatis showed that German exports grew at a slower pace in February, while imports declined for the first time in five months.

Exports climbed 0.8 percent month-on-month in February, slower than January's 2.4 percent increase. Nonetheless, the increase was in contrast to economists' forecast of 0.5 percent fall.

The greenback slipped to a 4-day low of 1.3342 against the loonie and a 3-day low of 0.6992 against the kiwi, off its early high of 1.3431 and a 2-day high of 0.6958, respectively. The greenback is likely to find support around 0.72 against the kiwi and 1.30 against the loonie.

Looking ahead, Canada Ivey PMI for March, U.S. wholesale inventories data for March and consumer credit for February are slated for release shortly.

At 10:00 am ET, Bank of Canada Governor Stephen Poloz and Bank of Canada Senior Deputy Governor Carolyn Wilkins will hold a press conference on Monetary Policy Report, in Ottawa.

At 11:15 am ET, Federal Reserve Bank of New York President William Dudley is expected to speak on "The State of Financial Regulation and the Potential for Reform" before a luncheon organized by the Griswold Center for Economic Policy Studies, Princeton University - 1, in New York.

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