Euro climbs off one-week low

Euro opened with a slight rise on Monday, after closing at week-low, following dollar’s rebound after positive jobs data, which contributed greatly in euro's decline.

EUR/USD last traded at 1.1794, up from the opening at 1.1776, with a session-high at 1.1798 and a low at 1.1771.

Euro dipped last Friday following positive U.S. jobs data which underpinned dollar against euro, while financial markets considered it a negative correction on euro after reaching 2 ½ year-high.

Euro slightly recovered nonetheless, as dollar remains unstable, while markets wait for U.S. inflation data later this week, in addition to a few speeches by Fed members on the future of interest rates and trimming down the balance sheet.