US Dollar inches back closer to 92.00 mark ahead of NFP

The US Dollar gained some positive traction on Friday and moved away from over three-month lows touched earlier this week. 

After posting notable losses on Thursday, despite supportive US private sector employment details, the USD Index, which measures the greenback's performance against a basket of major currencies, edged up to the 91.75-80 region and was being supported by a modest pickup in the US Treasury bond yields. 

A stronger-than-expected ADP report might have lifted expectations from today's official non-farm payrolls data (NFP) and seems to have prompted traders to lighten their bearish USD bets. 

The release of highly-anticipated US employment data would be looked upon to reinforce the Federal Reserve's view that the labor market remains strong and might eventually assist the buck to register a meaningful recovery.

Today's US economic docket also features the release of ISM non-manufacturing PMI, which is likely to be overshadowed by the post-NFP volatility in the FX market.