The U.S. jobs report released on Friday showed that American employers created more than forecast jobs in February, and the unemployment rate dropped.
Analysts predicted a job creation of 175,000 jobs, compared to the actual reading of 273,000, while the previous reading of 225,000 jobs was revised up to 273,000 job-gain in December.
The unemployment rate slipped from to a record low of 3.5 percent from both prior and predicted readings of 3.6 percent.
The average hourly earnings surged 0.3 percent last month, matching forecasts, after a 0.2 percent increase in January, compared to estimates of 0.3 percent surge.
The dollar index, which tracks the movements of the green currency
versus a basket of major currencies, recovered slightly, yet still set for a sharp
weekly loss, as of 13:42 GMT.