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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (Barcelona) - European markets have opened the week on a negative tone, with investors reluctant to take risk after weaker than expected US non-Farm payrolls increased uncertainty about the strength of global economic recovery. In currency markets, the Dollar remains consolidating at recent lows.

Eurostoxx 50 Index dips 0.4%, while the German DAX Index eases 1.5% and the French CAC Index sheds 0.4%. In the UK, the FTSE drops 0.25% one hour after the opening bell.

European markets have followed the track of Asian and US markets. Dow Jones dropped 0.79% on Friday, and the Nasdaq went nearly 1.5% lower following US Non Farm payrolls report, which showed a 54,000 increase in May, a strong disappointment, taking in account that the market consensus had called for a 150,000 increase.

In Currency markets, the Dollar is consolidating at recent lows after broad-based decline on Friday, with EUR/USD trading between 1.4615 and 1.4655, at one-month highs, and GBP/USD moving between 1.6400 and 1.6460, and USD/JPY consolidating right above 80.00.
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