The dollar steadied on Friday ahead of data from the United States that is expected to show an increase in job creation and a lower unemployment rate for March, as the the world’s largest economy maintains a steady recovery from the pandemic.

Sentiment for the dollar has improved in recent weeks, while Treasury yields have spiked, as the Biden administration’s planned stimulus of over $2 trillion and a rapid COVID-19 vaccine roll out spurred economic optimism as well as inflation fears.

While trading is likely to be muted on Friday with many financial markets shut for Easter holidays, analysts say the dollar’s ascent to multi-month highs is likely to continue as more investors bet on economic recovery.

“It’s not just speculators that are betting on the dollar,” said Yukio Ishizuki, foreign exchange strategist at Daiwa Securities. “Asset managers are also cutting their shorts in other currencies to make way for a dollar surge.”