The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough also helping sentiment.

Against a basket of currencies, the greenback is on track for its biggest weekly drop in a month, of 0.5% with the rise in coronavirus cases in the U.S. weighing on sentiment.

Data due at 12:30 GMT is expected to show non-farm payrolls figures increased by 3 million jobs last month before a long holiday weekend. U.S. markets are shut on Friday.

A larger than expected gain could help the dollar regain some ground.

The positive risk sentiment boosted other risk-oriented currencies such as the New Zealand dollar, which gained nearly 0.5% versus the greenback, and the euro, which advanced 0.1% to $1.1264. The mood also lifted sterling above $1.25 for the first time in a week. It last sat at $1.2482, having bounced almost 2% from a one-month low hit on Monday.

Source : Reuters