Investing.com - The dollar slipped against the euro on Monday after investors locked in gains from Thursday''s upbeat U.S. June jobs report and sold the greenback for profits.
In U.S. trading, EUR/USD was up 0.05% at 1.3602, up from a session low of 1.3576 and off a high of 1.3606.
The pair was likely to find support at 1.3576, the earlier low, and resistance at 1.3700, the high from July 1.
The dollar firmed after the Department of Labor reported last week that non-farm payrolls rose by 288,000 in June, easily surpassing expectations for an increase of 212,000.
However, by Monday trading after a holiday weekend in the U.S., profit takers wiped out the greenback''s advance.
Many investors jumped to the sidelines to await the release of the minutes from the Federal Reserve''s June policy meeting, which may hold clues concerning the direction of monetary policy.
Goldman Sachs said it expected the Fed to raise interest rates in the third quarter of 2015 as opposed to the first quarter of 2016 made in an earlier prediction, though uncertainty ahead of the release of the Fed minutes swayed investors away from the dollar.
The euro, meanwhile, rose on demand from bargain hunters despite soft German industrial output numbers.
Official data showed that German industrial output fell 1.8% in May, the third consecutive monthly decline, defying market calls for a 0.2% expansion.
Elsewhere, the euro was up against the pound, with EUR/GBP up 0.27% at 0.7943, and down against the yen, with EUR/JPY down 0.14% at 138.57.
On Tuesday in the euro zone, Germany is to publish data on its trade balance.
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