The U.S. dollar traded higher against the most major currencies after the mixed U.S. labour market data. The U.S. economy added 257,000 jobs in January, exceeding expectations for a rise of 231,000 jobs, after a gain of 329,000 jobs in December. December's figure was revised up from a rise of 252,000 jobs.

The U.S. unemployment rate rose to 5.7% in January from 5.6% in December as the number of job seekers grew. Analysts had expected the unemployment rate to remain unchanged at 5.6%.

Average hourly earnings increased 0.5% in January, beating forecasts of a 0.2% gain, after a 0.2% drop in December.

The euro fell against the U.S. dollar. Concerns over Greece's further bailout policy still weighed on the euro.

German industrial production increased 0.1% in December, missing forecasts of a 0.4% rise, after a 0.1% gain in November. November's figure was revised up from a 0.1% decrease.

The British pound declined against the U.S. dollar. The U.K. trade deficit increased to £10.2 billion in December from £9.3 billion in November, missing expectations for a deficit of £9.0 billion. November's figure was revised down from a deficit of £8.85 billion.

The Canadian dollar decreased against the U.S. dollar despite the better-than-expected Canadian labour market data. Canada's unemployment rate decreased to 6.6% in January from 6.7% in December. December's figure was revised down from 6.6%. Analysts had expected the unemployment rate to remain unchanged.

The number of employed people increased by 35,400 in January, exceeding expectations for a gain of 5,100, after a 11,300 decline in December. December's figure was revised down from a 4,300 fall.

The increase was driven by part-time jobs.

Building permits in Canada climbed 7.7% in December, exceeding expectations for a 4.5% gain, after a 13.6% drop in November. November's figure was revised up from a 13.8% decrease.

The Swiss franc traded lower against the U.S. dollar. Retail sales in Switzerland increased at an annual rate of 2.2% in December, exceeding expectations for a 0.4% rise, after a 0.6% decline in November. November's figure was revised up from a 1.2% drop.

The Swiss National Bank's foreign exchange reserves increased to 498.398 billion Swiss francs in January from 495.130 billion francs in December. That might be the result of the Swiss National Bank's (SNB) intervention in currency markets last month.

The New Zealand dollar traded lower against the U.S. dollar. In the overnight trading session, the kiwi traded higher against the greenback in the absence of any major economic reports from New Zealand. Markets in New Zealand were closed for a public holiday.

The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback after the Reserve Bank of Australia's (RBA) released its quarterly Statement of Monetary Policy. The RBA revised its forecast for GDP growth and inflation.

The Japanese yen dropped against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback. Japan's leading economic index increased to 105.2 in December from 103.9 in November, missing expectations for a rise to 105.5.

Japan's coincident index rose to 110.7 in December from 109.2 in November.