The Euro (EUR) trades marginally lower at around 1.1534 against the US Dollar (USD) at the start of the European trading session on Wednesday. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades slightly higher to near 99.90. US labor market stumbles as July payrolls disappointAccording to TD Securities, the latest US employment report marked a clear setback for the labor market. Meanwhile, the Euro (EUR) trades cautiously due to rising energy prices amid restricted oil supply in the wake of Middle East tensions. Squeezed energy supply through the Strait of Hormuz and Bab al-Mandab Strait has boosted energy prices.