FOREX-Euro nr 1-wk low vs dlr, punctured by Trichet

* Euro down 0.1 pct at $1.5680, near one-week lows

* Less hawkish ECB continues to weigh on euro

* Market consolidation seen as U.S. on holiday

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By Veronica Brown

LONDON, July 4 (Reuters) - The euro hovered near one-week lows versus the dollar on Friday, deflated after the European Central Bank signalled it wasn't planning another rate rise and as U.S. jobs data did not deliver a big downside surprise.

The ECB raised euro area borrowing costs by a widely anticipated quarter percentage-point to 4.25 percent on Thursday, but President Jean-Claude Trichet avoided any code words associated with more tightening, saying he had no bias.

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