FOREX-U.S. dollar dips vs euro; risk trades still in focus

Euro rises vs dollar but gains tentative
* Risk sentiment choppy but some stocks hold gains
* U.S. data mixed but overall add to evidence of recovery (Recasts, updates prices, adds comment, U.S. data)
By Gertrude Chavez-Dreyfuss
NEW YORK, Aug 28 (Reuters) - The dollar slipped against the euro on Friday in choppy trading, with investors sticking to riskier currency bets as global stocks held gains despite a report showing U.S. consumer confidence fell to its lowest in four months.
The Dow and S&P 500 index surrendered gains, but European shares .FTEU3 were higher, giving investors conviction to hold positions in currencies sensitive to higher growth, such as sterling and the Australian dollar.
Firmer oil prices, which possibly reflect an increase in global demand, also helped overall risk sentiment, analysts said.
The yen, however, trimmed losses to trade little changed on the day, recovering from Japanese jobless and deflation data.
The dollar and yen are viewed as safe-haven currencies and tend to fall when risk appetite improves.
"This morning's U.S. economic