A drab set of US employment data sent the dollar sinking fast on Friday, although the currency quickly recovered.
The economy added 156,000 jobs in August, the figures showed, far shy of expectations. The jobless rate, meanwhile, ticked up a little. (More detail here.)
The markets initially gave this a big thumbs-down, with the dollar sinking against other major currencies (see its performance against the euro in the chart from Bloomberg above) and US government debt prices jumping. But the market shifts proved fleeting, with the euro ending very slightly lower on the day at around $1.19 and the dollar also recovering to Y110.
Some of the heat may have been taken out of the euro by a Bloomberg story around the same time, citing unnamed European Central Bank sources as saying that a plan for reducing stimulus in Europe may not be ready before December.