Investing.com

Investing.com - The euro was lower against the dollar on Monday, falling to its lowest in more than a week as demand for the dollar continued to be underpinned after last week’s robust U.S. jobs report.



EUR/USD was down 0.12% to 1.3578 from 1.3594 late Friday.



The pair was likely to find support at 1.3540 and resistance at 1.3610, Friday’s high.



The dollar remained broadly stronger after official data last week showed that the U.S. economy added 288,000 jobs last month, well above expectations for jobs growth of 212,000, while the unemployment rate ticked down to 6.1%, the lowest in almost six years.



The strong data sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates.



The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was close to one-week highs at 80.39.



The euro remained under pressure after European Central Bank Vice President Benoit Coeure said Sunday that rates will remain on hold for an extended period to ensure monetary stability in the euro zone.



The ECB left all rates on hold at its meeting last Thursday, after cutting rates to record lows in June in a bid to stave off the threat of persistently low inflation in the region.



The euro edged lower against the yen, with EUR/JPY dipping 0.07% to 138.64 off Thursday’s one-month highs of 139.26.



Elsewhere, the dollar was steady against the Japanese currency, with USD/JPY at 102.09, not far from last Thursday’s two-week high of 102.25.





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