Ahead of the release of a highly anticipated US jobs report due out on Friday, the major currencies are moving on various trends. The dollar is stabilizing, the pound at its highest in two months against the euro.

The dollar was stabilizing at a high level against the euro ahead of the release of a much-anticipated US jobs report on Friday, while the pound hit a two-month high against the single currency. Around 7:15 p.m. GMT, the dollar nibbled 0.05% to 0.8655 euros for one dollar or 1.1551 dollars for one euro, the day after a low since July 22, 2020, at 1.1529 dollars. Throughout the day, the parity between the two currencies will have evolved within a tight range, a sign of weak activity. The decline in German industrial production of 4% over one month in August confirmed the slowdown in the euro zone's leading economy, which is not likely to help the euro. In addition to the dollar, the single currency further lost ground against the pound sterling, reaching its lowest point since August 11, at 0.8476 pounds per euro, before recovering somewhat. On Thursday, the ruble hit its highest against the dollar since June 11, at $0.0139 to the ruble, or 71.68 rubles to the dollar.