Greenback recovers from weak US wage data

London

THE US dollar crept higher on Monday, recovering from a dip after surprisingly weak US wages data that gave the vast majority of investors who see a stronger greenback this year room to reload.

Dealers said that there had been leveraged demand for US dollars from the opening in London, but added that the move was happening in minimal liquidity in a market thinned out overnight by a holiday in Japan.

Friday's wage numbers cast doubt on a key driver of the US currency's ascent over the past six months, questioning why the Federal Reserve shou…