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FRANKFURT - The euro fell against the dollar Monday as investors moved back into the safe haven of the U.S. currency on fears the global economy is weaker than believed.
The 16-nation euro bought $1.3925 in European morning trading, down from $1.4009 Friday. The British pound bought $1.6146, compared with $1.6421 Friday, while the dollar dropped to purchase 95.22 Japanese yen from 95.98.
Asian stocks were mixed Monday, undermined by investor anxiety that company earnings will reflect a weaker global economy than originally hoped.
Last week, payroll data out of the U.S. showed employers there slashed 467,000 jobs in June — 100,000 more than anticipated. It was the first increase in monthly job losses since January.
"The dollar has found itself pushed further back into favor," said James Hughes, a currency analyst at CMC Markets.
"Those shocking U.S. payroll figures on Thursday are fueling a demand for safe havens."
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Data is a real-time snapshot *Data is delayed at least 15 minutes