FOREX-Euro recovers from sharp falls vs dollar

* Euro recovers modestly vs dlr after Thursday's sharp fall

* Mood remains cautious after bleak U.S. jobs numbers

* Euro zone services PMI, retail sales data awaited

* Trade seen quiet due to U.S. public holiday

(Updates prices, changes byline, dateline; previous TOKYO)

By Jessica Mortimer

LONDON, July 3 (Reuters) - The euro recovered modestly against the dollar on Friday after falling sharply in the wake of bleak U.S. jobs numbers which dampened hopes of a global recovery, though trade was quiet due to a U.S. public holiday.

Investors are awaiting the final estimate of the euro zone purchasing managers' survey on the services sector at 0758 GMT, as well as euro zone retail sales figures at 0900 GMT.

The euro and currencies such as the Australian dollar, which have benefited from investors' hopes of an economic turnaround, weakened sharply on Thursday after data showed U.S. employers cut 467,000 jobs in June, far more than expected. [ID:nN01210643]