India, Feb. 6 -- The U.S. dollar traded higher against its most major counterparts on Thursday ahead of the release of nonfarm payrolls report on Friday.
Economists forecast nonfarm payrolls to increase by 170,000 jobs in January after rising by 256,000 jobs in December. The unemployment rate is expected to hold steady at 4.1 percent.
The data could help determine growth of the labor market and the Federal Reserve's rate path.
On the data front, first-time claims for U.S. unemployment benefits rose more than expected in the week ended February 1.
Initial jobless claims climbed to 219,000, an increase of 11,000 from the previous week's revised level of 208,000.
Economists had expected initial jobless claims to rise to 213,000 from the 2...