Global Currencies Surge Amid U.S. Trade Developments

The U.S. dollar lost ground to major currencies as easing trade tensions bolstered investor interest in riskier assets. Despite a third consecutive weekly advance, the dollar's rally faces challenges amid ongoing global trade negotiations. U.S. jobs data is awaited for further economic insights.

The U.S. dollar weakened against the Swiss franc, Australian dollar, euro, and yen on Friday, buoyed by renewed hopes of a resolution to trade tensions. Riskier assets gained traction as global investors awaited crucial U.S. jobs data expected to further inform economic conditions.

European and Asian markets continued their rally, initiated by positive updates from China and Japan on trade talks with the Trump administration. The euro rose by 0.3% as the Chinese offshore yuan reached a near one-month high.

In the backdrop of U.S. stocks rising, driven by strong tech earnings and improved manufacturing data, attention remains on the non-farm payrolls report. Observers hope the figures will shed light on the Federal Reserve's next move on interest rates amid recession concerns.

(With inputs from agencies.)