Euro advances after U.S. payrolls report as wavering continues

Euro rose on Friday after the U.S. jobs report, with wavering still dominant on the common currency after hitting a two-month high yesterday, heaping pressure from profit-taking, as dollar dithers.
 
EUR/USD last traded at 1.0777 up from the opening of 1.0762, with an intraday high at 1.0779, and a low at 1.0712.
 
Euro rose yesterday to a two-month high at 1.0830 after the European Central Bank's Economic Bulletin, which showed a brighter outlook for inflation, heading for the bank's 2% target, which underpinned the common currency.
 
Today, the euro capitalized on the dollar's wavering after the mixed U.S. jobs report, which showed a rise in new jobs last month even as the unemployment rate rose to 4.8%, which helped the euro recover after profit-taking pressures.
 
The euro is stabilizing as the ECB expects inflation to ticks up as crude prices rise globally, while the dollar gives up ground following the Federal Reserve's meeting this week, which slashed the chances of a rate hike in the March meeting.