Euro declines ahead of US jobs data

Euro fell in European trade against dollar for third straight session as concerns over Omicron fade, while focus shifts on the Fed's bullish stance in monetary policy, ahead of US jobs data later today.

EUR/USD fell 0.2% to 1.1281, after closing down 0.2% yesterday, the second loss in a row away from two-week highs at 1.1383.

The dollar index rose 0.2% on Friday, the third profit in a row as risk appetite improves in the market and worries about Omicron fades.

South African scientists said the Omicron was first discovered last month, and that current vaccines should protect from extreme illness and death.

Otherwise, Fed San Francisco Governor Mary Dally said it's time to start planning for a rate hike to combat inflation.

Fed Chair Jerome Powell recently asserted they're preparing for a measure to cut bonds purchases in the December meeting. 

Now markets are fully ricing in a rate hike by 25 basis points in June 2022.

Now investors await crucial US jobs report, expected to show an addition of 553 thousand in November, with unemployment down to 4.5%, and average income up 0.4%.