The U.S. dollar traded in a back-and-forth range on Friday against a basket of currencies from Thursday's more than five-month lows after stronger-than-expected U.S. jobs and factory data boosted expectations for a less dovish Federal Reserve.
Nonfarm payrolls increased by 215,000 last month, the Labor Department said, beating economists' expectations for 205,000 according to a Reuters poll. Average hourly earnings increased 7 cents, while the unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent.
The data came after the greenback's worst quarterly percentage loss in more than five years against a basket of major currencies, partly on Fed Chair Janet Yellen's dovish comments Tuesday that the central bank should proceed "cautiously" on raising rates.
"It's certainly not the kind of data that argues for the Fed to become even more dovish, and in that sense, it argues for the dollar's lossesto slow," said Shahab Jalinoos, global head of FX strategy at Credit Suisse in New York.