A、for both France and the Netherlands rejected the EU constitution in referendums B、for EU jobs growth of last month was the wor

The dollar dipped against the euro and the yen on Monday in the wake of weak U. S. jobs data, although the euro remained vulnerable due to worries about the political and economic outlook of the European Union.
   The greenback was sold off after weak U.S. jobs figures on Friday but the euro remained close to 8-month lows after France and the Netherlands rejected the EU constitution in referendums last week.
   "It’s been one-way news in favor of the dollar apart from Friday’s job data... We’re seeing a bit of a move back today but it’s not that convincing. Such is the weight of bad news on the euro," said Ian Gunner, head of foreign exchange research at Mellon Bank.
   U.S. jobs growth in May was the worst in 21 months, data showed on Friday, coming after figures last week showed manufacturing activity was the slowest in almost two years.
   By 0750 GMT, the euro stood at $1.2266 against the dollar, up a quarter of a percent from late New York levels on Friday and a cent above last week’s 8-month low of $1.2157. The euro was little changed against the yen.
   The dollar was also down a quarter of a percent against the yen at 107.29 yen.
   Eurozone finance ministers meet in Luxembourg on Monday and Tuesday in the face of uncertainty over further European political and monetary integration following the two "no" votes.
   Rejection of the charter at the referendums, along with the region’s poor growth prospects, helped push the euro down almost 3 percent against the dollar last week.
   Britain’s foreign secretary was expected to announce on Monday the country was shelving plans for a referendum on the EU constitution, one step short of publicly declaring it dead.
   The euro wobbled after European Central Bank Chief Economist Otmar Issing was quoted as saying that policy strategy does not rule out an interest rate cut.
   A cut in rates would further underscore the dollar’s interest rate advantage over the euro. U.S. rates stand at 3.0 percent compared to 2.0 percent in the euro zone.