* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
By Kevin Buckland
TOKYO, Feb 12 (Reuters) - The dollar headed for its first
losing week in three as new signs of weakness in the U.S. jobs
market dented investor expectations about the pace of a pandemic
recovery.
Bitcoin was on course for its best week since the start of
the year after surging to a fresh record near $49,000 following
news Thursday that BNY Mellon had become the latest firm to
embrace cryptocurrencies. The dollar remained on the back foot on Friday, pinned near
two-week lows, after the release of weaker-than-expected weekly
U.S. jobless claims data the previous day. That added to recent concerns that the dollar's previous
rally had priced in too fast a pace of rebound for the U.S.
economy.
The dollar index =USD was little changed at 90.423 in
holiday-thinned trade due to Chinese new year, on track to fall
0.6% in a week that took it to the lowest since Jan. 27 at
90.249.
There has been a divergence in views among traders this year
over just how U.S. President Joe Biden's planned $1.9 trillion
fiscal stimulus package will affect the dollar.
Some see it as bolstering the currency as it should speed a
U.S. recovery relative to other countries, while others view it
is a major driver in a global reflation narrative that should
lift riskier assets at the dollar's expense.
"The U.S. economy will outperform most thanks to fiscal
stimulus and faster vaccine deployment, but ongoing reflationary
fiscal and monetary policy will leave DXY on a sustained medium
term bear trend," Westpac strategists wrote of the dollar index
in a client note.
The euro EUR=EBS was little changed at $1.21275,
consolidating for a third day near that level as it headed for a
0.6% weekly advance.
The dollar was mostly flat at 104.77 yen JPY=EBS , down
0.6% from the end of last week.
Bitcoin BTC=BTSP surged toward a 23% weekly advance, its
biggest since the period ended Jan. 3, after hitting a new
record high of $48.696.84 on Thursday.
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Currency bid prices at 2341 GMT
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR=EBS $1.2129 $1.2133 -0.04% -0.74% +1.2135 +1.2128
Dollar/Yen JPY=D3 104.7350 104.7300 +0.00% +1.39% +104.7620 +0.0000
Euro/Yen EURJPY= 127.05 127.05 +0.00% +0.10% +127.1000 +127.0600
Dollar/Swiss CHF=EBS 0.8902 0.8898 +0.00% +0.58% +0.8903 +0.0000
Sterling/Dollar GBP=D3 1.3806 1.3816 -0.06% +1.07% +1.3815 +1.3808
Dollar/Canadian CAD=D3 1.2703 1.2703 +0.02% -0.23% +1.2706 +1.2695
Aussie/Dollar AUD=D3 0.7747 0.7755 -0.08% +0.72% +0.7755 +0.7746
NZ NZD=D3 0.7227 0.7227 +0.01% +0.65% +0.7229 +0.7226
Dollar/Dollar
All spots FX=
Tokyo spots AFX=
Europe spots EFX=
Volatilities FXVOL=
Tokyo Forex market info from BOJ TKYFX
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World FX rates https://tmsnrt.rs/2RBWI5E
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