FOREX-Euro recovers vs dlr; trade thin on US holiday
* Euro recovers vs dollar after Thursday's sharp fall
* Trade quiet due to U.S. public holiday
* Mood remains cautious after bleak U.S. jobs numbers
* Euro zone retail sales weak; EZ services PMI revised up
(Updates prices, adds quotes)
By Jessica Mortimer
LONDON, July 3 (Reuters) - The euro edged higher against the dollar on Friday, correcting after sharp falls late the previous session in the wake of bleak U.S. jobs numbers which dampened hopes for a global economic recovery.
Trade was quiet, however, with U.S. markets closed for a public holiday.
The euro and perceived higher risk currencies such as the Australian dollar, which have benefited from hopes of an economic turnaround, weakened sharply on Thursday after data showed U.S. employers cut a substantial 467,000 jobs in June. [ID:nN01210643] Continued...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage




India
US
UK







