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Euro widens gains to four-week high
Euro rose against the dollar to a four-week height as the greenback tumbles versus a basket of rivals, while demand climbs on the common currency.
EUR/USD last traded at 1.1388, compared to the opening of 1.1353, with a session-low at 1.1352, and a four-week high at 1.1409.
Euro's gains come amid rising demand on the common currency as the dollar declines sharply following the dismal payrolls report.
Worries over the performance of the U.S. economy would push the Fed away from hiking rates, raising demand as well on the euro.
The dollar index, measuring the U.S. currency's performance against a basket of rivals, last traded at 93.55, compared to the opening of 93.78, with a session-high at 93.88, and a five-week low at 93.51, with the index nearing its second weekly loss after logging four straight weeks of gains.
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