NEW YORK ( TheStreet) -- U.S stock index futures rose in pre-market trading today, after markets closed lower on Friday.

On Friday, the session was dampened by a downward first-quarter GDP revision and uncertainty ahead of this week's jobs report for May. The S&P 500 fell 0.63%, the Dow declined 0.63% and the Nasdaq slid 0.55%. Despite the day of losses, all the major indices managed to close the month of May higher by 1% or more each.

This morning, the Dow futures rose 20 points, or about 0.11% at 6:51 a.m. in New York, and S&P 500 E-mini futures edged up 0.04%. Nasdaq 100 E-mini futures were higher by 0.08%.

The euro fell 0.59% against the U.S. dollar and the pound was also lower by 0.56%. The dollar was relatively unchanged against the yen.

The greenback advanced last week to a 12-year high against the yen on more speculation that the Federal Reserve could raise interest rates sooner than later.

"The U.S. dollar uptrend has resumed," Matt Weller, an analyst at Gain Capital Holdings Inc.'s told Bloomberg. "The strength is backed by conviction that the Fed, based on their recent comments, is going to raise rates one way or another this year," he said.

A stronger dollar, a more robust economy, and a better jobs report figure could be the trifecta that trigger's a Fed decision. So, as a piece of this puzzle, investors will be watching the nonfarm payrolls number closely on Friday, June 5, to gauge the strength of the world's largest economy and judge the likelihood of the central bank increasing borrowing costs for the first time in almost a decade.

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