The single currency recovered some of the losses it incurred on Friday, gaining over half a cent against the greenback as risk appetite in the market strengthened.
The single currency made strong gains yesterday as the dollar came under pressure about its future status as the chief currency used in oil trades.
The single currency shrugged off worse-than-expected US non-farm payrolls data to post gains, closing up 0.2% at 1.4574.
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The dollar rallied against the single currency yesterday after a run of disappointing manufacturing data left investors unwilling to take on risk.
Talk of a slow recovery in the eurozone strengthened demand for the dollar yesterday allowing it to recover 0.5% to 1.4618.
The euro made gains on Friday, following a two day slide, buoyed by improving economic data in the US, and closing at 1.4689.
The greenback continued to rally against the single currency yesterday, buoyed by a rise in risk aversion, to close the day at 1.4660.
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