FOREX-Dollar steadies after U.S. jobs report, focus shifts to ECB meeting

* Graphic: World FX rates in 2020

By Eimi Yamamitsu

TOKYO, Sept 7 (Reuters) – The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank’s meeting on Thursday.

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

In the immediate aftermath, the greenback rallied to its highest in a week at 93.242 against a basket of six major currencies on safe-haven buying, but later retraced its gains as U.S. stock indexes recovered.

The dollar index was little changed on Monday at 92.846. Foreign exchange trading was likely to be subdued as U.S. financial markets are

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FOREX-Dollar steadies before U.S. jobs data but sentiment weak


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