Euro gains against dollar despite negative revisions.

The dollar initially rose against the euro but later dipped after jobs gains and wage growth for April beat economists' forecasts but showed downward jobs revisions for March. The dollar has fallen from a 20-year high last September as investors adjust for the likelihood that the Federal Reserve is at or near the end of its tightening cycle, while peers including the European Central Bank have gotten more hawkish. Investors are pricing in the likelihood that the Fed will cut rates in the second half of this year.