The dollar recovered on Friday from steep losses in the previous session after a government report showed a reasonably healthy pace of US job creation in May, confounding investors' dour expectations before the release of the data. In midday New York trading, the euro fell 0.3 percent for the day to $1.3208.
On Thursday, it hit a peak of $1.3306, its highest in more than three months, after European Central Bank President Mario Draghi gave no hints that further monetary easing was imminent. The euro, however, was poised to end the week on a high note with gains of 1.8 percent, its best weekly showing since mid-January.
The dollar, meanwhile, rebounded against the yen to hit session highs of 97.75 yen, recovering from a two-month low earlier in the day. Just before the US jobs report, the dollar was down 1.6 percent. On Thursday, the greenback suffered its biggest one-day drop against the yen in three years. It was last at 97.52 yen, up 0.6 percent. Technical analysts said intraday bias remained on the downside for dollar/yen, as the rise from 77.13 yen, the low seen in mid-September last year, has topped out at 103.73.
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