Early trade in New York: Dollar slips to four-month low

The dollar eased to a four-month low against major currencies on Friday and looked set to extend losses after a solid US February jobs report did little to alter expectations for Federal Reserve monetary policy. The euro broke above the psychologically important $1.40 level and headed for its biggest weekly rise in six weeks.
The dollar index, which measures the greenback against a basket of major currencies, fell as low as 76.275, the lowest since November 5. The euro last traded at $1.3985, up 0.2 percent on the day, after surging as high as $1.4009 on trading platform EBS, the strongest level since early November. The dollar slipped 0.1 percent to 82.32 yen, retreating after earlier rising as high as 83.09 yen on EBS immediately after the release of the payrolls report. The dollar fell 0.6 percent to 0.9262 Swiss franc, while the euro lost 0.5 percent to 1.2947 francs.