LONDON, Sept 4 (Reuters) - The euro rose against the safe-haven dollar on Monday as risk sentiment improved on hopes China's policy stimulus might stabilise the economy, while U.S. jobs data boosted bets the Federal Reserve could be at the end of its rate hike cycle.
With U.S. markets closed on Monday, liquidity is likely to be thin and traders hesitant to place large bets. The euro was up 0.3% at $1.0800, just off a 10-week low touched last week against the dollar. The single currency has weakened almost 12% this summer.
The Australian dollar and the New Zealand dollar also got a lift from those measures. In the meantime, data on Friday showed U.S. job growth picked up in August, but the unemployment rate jumped to 3.8%, while wage gains moderated. "The euro could have derived a little boost from expectations that, on balance, the ECB will maintain a hawkish bias in part to prevent market rates falling too soon. Schnabel's comments provided an insight into this," she added.
British finance minister Jeremy Hunt said at the weekend that inflation was on track to halve by the end of 2023, vowing to focus on the goal as he laid out his priorities ahead of the reopening of parliament after the summer break.
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