LONDON, April 3 (Reuters) - The euro fell against the dollar on Friday in cautious trade as investors nervously awaited key U.S. employment data which are expected to show the U.S. economy suffered deep job losses in March.
The non-farm payrolls figure, due at 1230 GMT, is forecast to show a fall of around 650,000 jobs in March to take the unemployment rate to a 26 year high of 8.5 percent.
Speaking on Friday, White House spokesman Robert Gibbs warned the jobs report is likely to show "additional severe job cuts".
Nevertheless, the euro pared earlier losses against the dollar and gained against the yen, while sterling also rose after better-than-expected euro zone and UK services sector data, which helped European equities .FTEU3 to trim losses. read more
The non-farm payrolls figure, due at 1230 GMT, is forecast to show a fall of around 650,000 jobs in March to take the unemployment rate to a 26 year high of 8.5 percent.
Speaking on Friday, White House spokesman Robert Gibbs warned the jobs report is likely to show "additional severe job cuts".
Nevertheless, the euro pared earlier losses against the dollar and gained against the yen, while sterling also rose after better-than-expected euro zone and UK services sector data, which helped European equities .FTEU3 to trim losses. read more
