At 12:30 GMT, the US economy released the unemployment rate reading for March at 6%, in line with forecasts, and better than the previous reading of 6.2%. This data is positive for the US economy.

At 12:30 GMT, the US economy released the average hourly earnings reading for March at -0.1%, lower than forecasts of a rise by 0.1%, and worse than the previous reading of 0.3% after it was revised from 0.2%.

At 12:30 GMT, the US economy released the non-farm employment change reading for March, which showed that the economy has added 916K new jobs, beating forecasts of 652K jobs, and better than the previous reading of 468K after it was revised from 379K jobs. This data is positive for the US economy.

Euro stabilized against dollar on Friday as calm spread across forex markets for the Good Friday holidays, while investors shun risks before US jobs data. 

EUR/USD last traded at 1.1777 as of 08:02 GMT, after closing yesterday up 0.4%, the second profit in a row away from five-month lows at 1.1704. 

Euro's gains came amid improving risk appetite in markets after US President Joe Biden launched a $2 trillion new infrastructure plan to boost the economy. 

Euro lost 3.9% in the first quarter against dollar, the first quarterly loss in a year, and the largest since 2019. 

Euro was generally weighed down by sputtering economic recovery efforts in the euro zone due to the third coronavirus wave ravaging the region.

Investors await US data on the labor market, with non-farm payrolls expected up a solid 652 thousand in March, compared to a 378K addition in February.