The Rupee closed weaker in late trading on Wednesday as dollar bids from foreign banks picked up, sparking modest pressure in a session that otherwise saw the rupee trade on a quiet note. Traders pointed to mixed corporate interest in the earlier half of the session, which kept the rupee on an even keel but dollar demand from overseas lenders, likely on behalf of custodial clients, weighed on the currency in afternoon trading. Similar to local equities, the rupee was also a laggard in Asia, with peers rising between 0.1% and 0.5%, helped by a broadly weaker dollar. The dollar index was last at 96.5 and has declined about 1% so far this month. U.S. jobs data for January, delayed from last week, could be the next test for the dollar. The data is due later in the day. Nonfarm payrolls are expected to have risen by 70,000 in January, while the unemployment rate is seen holding steady at 4.4%, according to a Reuters poll. Money markets are currently pricing in a 40% chance of a U.S. rate cut in April. The dollar is sliding again against the euro and yuan, just as European and Chinese leaders are seeking to boost the global role of their currencies, taking advantage of the rising dollar doubts. The latest exchange rate shifts seem to be playing out as desired for all parties, especially Washington. With the Lunar New Year holidays looming, China's offshore yuan has surged to its best levels against the dollar in almost three years. The greenback has lost 6% against the renminbi since the start of last year. The euro's 15% surge against the dollar over the same period is even more pronounced, as the exchange rate stalks the five-year high above $1.20 set last month. These moves are in line with the recent jawboning by leaders in both areas. Both regions appear to sense a rethink among global investors about the dollar's overwhelming dominance in world finance after a year of aggressive, disruptive U.S. diplomacy and trade policy - and now seems to be the moment to act. The running assumption for over a year is that Washington is comfortable with the dollar depreciation that comes with the type of shift in cross-border investments required for a true global trade reset or reduction of global imbalances. Curiously amid all the dollar angst, the euro/yuan exchange rate has barely budged since last April's U.S. tariff shock.The dollar and Treasury yields rose, while U.S. stocks gave up early gains to trade nearly flat on Wednesday after data showed the U.S. economy created far more jobs than expected in January, which could make it more difficult for the Federal Reserve to keep cutting rates this year.The unemployment rate ticked lower to 4.3% from 4.4% in December, below forecasts for a reading of 4.4%. Market expectations for a Fed cut of at least 25 basis points at the central bank's March meeting had risen to about 20% before the jobs data, and were back to a roughly 6% after the report, according to CME's FedWatch Tool. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.11% to 97.02, with the euro down 0.31% at $1.1857. However, against the Japanese yen , the dollar weakened 0.59% to 153.47. The yen has rallied over the past few days, marking a potential shift in investor thinking since Sunday's landslide election victory for Japan's Prime Minister Sanae Takaichi. The yield on the benchmark U.S. 10-year Treasury note rose 3.5 basis points to 4.18% after hitting a session high of 4.206%. Oil prices gained nearly 1% on Wednesday, as investors worried about escalating tensions between Iran and the U.S., which were preparing to resume negotiations, while a weekly report showing a large build in U.S. crude inventories limited gains. Brent crude oil futures were up 59 cents, or 0.86%, at $69.39 a barrel by 2:08 p.m. ET (1908 GMT). U.S. West Texas Intermediate crude rose 60 cents, or nearly 0.94%, to $64.56.......