The euro was heading for a record twelfth week of declines against the dollar, unless US jobs data later in the day push the currently all-dominant greenback lower.
The European common currency as last down 0.16% at $1.0533, a touch above Tuesday's 10-month low of $1.0448 but still set for a further weekly decline of 0.2% making that streak the longest since its launch in 1999.
The euro/dollar moves have largely been dollar-driven.
The dollar index, which tracks the unit against six main peers, albeit with the greatest weight given to the euro, is heading for a 12th week of gains in a row.
The last time it clocked such a milestone was in 2014.
The dollar's recent strength has been underpinned by a rapid sell-off in US government bonds, which sent yields to multi-year highs.
That was driven by a combination of capitulation by asset managers who had been long on government bonds, rising oil prices, a deluge of supply of government and corporate bonds.
Investors are also finally accepting that central banks will keep rates high for a long time, particularly in the US where economic data has been strong.
Other currencies were able to catch a break in the middle of this week when bond prices steadied, but US non-farm payrolls data due later today could change that.
"The pause in the bond sell-off is granting some room for recovery for most currencies against the dollar. Today's US payrolls are, however, the big event of the week and a strong read could easily put markets back on a bearish track and reignite aggressive dollar buying," said Francesco Pesole, FX strategist at ING.
The pound, which hit a six-month low earlier in the week before rebounding, was down 0.18% at $1.2169, and the dollar was also up against the Japanese yen, 0.3% higher at 148.97.
The dollar/yen's sharp sudden dip on Tuesday to 147.30 stoked speculation that Japanese authorities could have intervened in the currency market to shore up the battered yen, though data from the Bank of Japan seemed to suggest otherwise.
Elsewhere, the Swiss franc was a touch weaker at 0.9130 per dollar, though was set to finish the week slightly firmer, the only G10 currency other than the yen to be on track to finish the week stronger.
The Australian dollar was steady at $0.6364, but set for a 1% weekly decline.
