FOREX-Dollar dips as market recovers from weak U.S. jobs data

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E (New throughout)

By Kate Duguid

LONDON, Sept 4 (Reuters) – As risk assets recovered on Friday afternoon, the safe-haven U.S. dollar dipped, retracing gains made on safe-haven demand following a Labor Department report that job growth slowed further in August, threatening the economy’s recovery from the COVID-19 pandemic.

Employment slowed and permanent job losses increased as programs to help businesses pay wages have lapsed or are on the verge of ending. Economists credited government largesse for the sharp rebound in economic activity after it nearly ground to a halt following the shuttering of businesses in mid-March.

The dollar index rallied to its highest in a week following the report. But those gains were erased on Friday afternoon as U.S. stock indexes recovered after earlier hitting their lowest level in a month.

The dollar index was lower on the day, last trading down

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Dollar Dips as Market Recovers From Weak U.S. Jobs Data

LONDON — As risk assets recovered on Friday afternoon, the safe-haven U.S. dollar dipped, retracing gains made on safe-haven demand following a Labor Department report that job growth slowed further in August, threatening the economy’s recovery from the COVID-19 pandemic.

Employment slowed and permanent job losses increased as programs to help businesses pay wages have lapsed or are on the verge of ending. Economists credited government largesse for the sharp rebound in economic activity after it nearly ground to a halt following the shuttering of businesses in mid-March.

The dollar index <=USD> rallied to its highest in a week following the report. But those gains were erased on Friday afternoon as U.S. stock indexes recovered after earlier hitting their lowest level in a month. [.N]

The dollar index was lower on the day, last trading down 0.10% at 92.752, though it remains 1.1% higher than the April 2018 low of

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