London (awp/afp) - The dollar fell slightly against the euro on Friday before the release of monthly U.S. employment data, while the greenback has fallen sharply recently.

Around 10:00 GMT (11:00 CET), the dollar fell against the euro by 0.19%, to 1.2168 dollars to the euro, and rose against the yen by 0.12%, to 103.96 yen to the dollar.

Since the US election in early November and the series of announcements on Covid-19 vaccines, the safe haven dollar has been suffering from the market's risk appetite and sinking its lows of the year.

On Thursday, the dollar sank to its lowest since April 2018 against the euro, at $1.2175, and against other major currencies, according to the dollar index.

Analysts were watching the negotiations in Washington on a stimulus plan for the economy that progressed on Wednesday.

"The prospect of a fiscal stimulus package in the United States is pushing up the inflation outlook. As the US central bank (the Fed) has announced that it will accept higher inflation in the short term without tightening monetary policy, this outlook weighs on the dollar," said You-Na Park-Heger, an analyst at Commerzbank.

Currency traders will also observe the November employment data that will be released during the session. A consensus of analysts expects an unemployment rate unchanged at 6.9% compared to October and slightly more creations (650,000).

"This data could reinforce the idea that job creation is running out of steam, even if it remains robust," said Lee Hardman, an analyst at MUFG.

"A higher figure could allow the dollar to get its head out of the water, at least in the short term," he added.

       Friday Classes Thursday Classes
       10:00 GMT 22:00 GMT

EUR/USD 1.2168 1.2144

EUR/JPY 126.50 126.10

EUR/CHF 1.0847 1.0823

EUR/GBP 0.9029 0.9029

USD/JPY 103.96 103.84

USD/CHF 0.8914 0.8913

GBP/USD 1.3477 1.3450