LONDON, April 4: The dollar tumbled against the euro on Friday on another round of heavy US job losses that revived fears for the health of the US economy as well as prospects for further rate cuts by the Federal Reserve.

The single European currency in late-day trade was at $1.5740 against $1.5682 late Thursday in New York.

The dollar was meanwhile trading at 101.75 yen, down from 102.75 on Thursday.

Pressure on the greenback mounted on news that US employers cut 80,000 jobs in March, the biggest decline in employment in five years.

The latest non-farm layoffs represented the sharpest monthly decline since March 2003 and the start of the Iraq war.

In London on Friday, the euro changed hands at 1.5740 dollars against 1.5682 late on Thursday, 160.16 yen (160.35), 0.7893 pounds (0.7853) and 1.5817 Swiss francs (1.5841).

The dollar stood at 101.75 yen (102.25) and 1.0047 Swiss francs (1.0102).

The pound was at $1.9945 ($1.9966).

On the London Bullion Market, the price of gold advanced to $905.50 per ounce from $896.50 late on Thursday. —AFP