Investing.com - The dollar slipped lower against the euro and the yen on Monday as data on Friday showing that the latest U.S. jobs report for March came in slightly below expectations continued to weigh.
EUR/USD touched session highs of 1.3731 and was last up 0.08% to 1.3713, recovering from the five-week trough of 1.3671 struck on Friday.
The dollar remained under pressure after the Labor Department reported that the U.S. economy added 192,000 jobs in March, below expectations for jobs growth of 200,000. The U.S. unemployment rate remained unchanged at 6.7%, compared to expectations for a downtick to 6.6%.
The data disappointed some market expectations for a more robust reading but indicated that the Federal Reserve is likely to stick to the current pace of reductions to its asset purchase program.
The euro’s gains were held in check after the European Central Bank indicated last week that unconventional monetary policy instruments may be necessary to avert the risk of ongoing low inflation in the euro zone.
USD/JPY touched session lows of 103.00, the weakest since March 31 and was last down 0.10% to 103.16.
Caution ahead of the outcome of the Bank of Japan’s two-day policy meeting on Tuesday held the yen’s gains against the dollar in check.
The pound was little changed against the dollar, with GBP/USD trading at 1.6574, while USD/CHF slipped 0.11% to 0.8905.
The Australian dollar dipped, with AUD/USD inching down 0.05% to 0.9286, not far from Friday’s four-month highs of 0.9306. NZD/USD edged up 0.06% to 0.8605.
Meanwhile, USD/CAD edged up 0.12% to 1.0992.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.06% to 80.52.