* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
* Jobs data takes shine off dollar rebound
* Investors looking to U.S. CPI, timing of stimulus
* Ethereum falls in spot market as traders eye futures debut
By Stanley White
TOKYO, Feb 8 (Reuters) - The dollar nursed losses against
most currencies in subdued trade on Monday as disappointing U.S.
jobs data caused some investors to scale back bets on a rebound
in the greenback.
The euro held gains versus the dollar but faces a test later
on Monday with data that is expected to show German industrial
output growth slowed at the end of last year.
Speculators have been reducing short positions in the
dollar, but some analysts say better U.S. economic data and
continued progress in fighting the COVID-19 pandemic will be
needed for further dollar gains.
"Soft non-farm payrolls has really pulled the ladder out
from under the dollar," said Yukio Ishizuki, foreign exchange
strategist at Daiwa Securities.
"Now the markets are questioning whether the dollar can rise
any further. A lot depends on the coronavirus, but we also need
to know when U.S. fiscal stimulus will pass."
Against the euro EUR=D3 , the dollar traded at $1.2034
after a 0.7% slump on Friday.
The British pound GBP=D3 bought $1.3726, close to an
almost three-year high.
The dollar was quoted at 105.49 yen JPY=D3 , having pulled
back from a three-month high reached on Friday.
The U.S. economy created fewer jobs than expected in January
while job losses the previous month were deeper than initially
reported, data at the end of last week showed. The release of U.S. consumer prices and consumer sentiment
later this week will help determine whether a recent rise in
inflation expectations and Treasury yields was justified.
Any disappointing numbers from either report could knock the
dollar lower, some analysts said.
The dollar index =USD against a basket of six major
currencies stood at 91.117, after falling 0.6% on Friday.
Speculators' net bearish bets on the dollar fell to $29.95
billion for the week ended Feb. 2, compared with a net short
position of $33.81 billion for the previous week, according to
calculations by Reuters and U.S. Commodity Futures Trading
Commission data. In the cryptocurrency market, ethereum spot prices
ETH=BTSP fell 1.21% to $1,595 after the listing of ethereum
futures on the Chicago Mercantile Exchange on Sunday.
Bitcoin BTC=BTSP , the most popular cryptocurrency, fell
0.6% to $38,623.
The onshore yuan CNY=CFXS edged up slightly to 6.4592 per
dollar, but trade is likely to be subdued before week-long
Chinese New Year holidays beginning Thursday.
Elsewhere, the Australian dollar AUD=D3 held steady at
$0.7672. Across the Tasman Sea, the New Zealand dollar NZD=D3
edged up to $0.7199.
========================================================
Currency bid prices at 11:14AM (0214 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR=EBS $1.2034 $1.2050 -0.15% -1.52% +1.2060 +1.2030
Dollar/Yen JPY=D3 105.4900 105.3550 +0.15% +2.15% +105.5400 +105.4050
Euro/Yen EURJPY= 126.96 126.93 +0.02% +0.03% +127.0600 +126.8700
Dollar/Swiss CHF=EBS 0.9002 0.8986 +0.15% +1.72% +0.9006 +0.8986
Sterling/Dollar GBP=D3 1.3726 1.3736 -0.05% +0.49% +1.3740 +1.3712
Dollar/Canadian CAD=D3 1.2766 1.2757 +0.07% +0.25% +1.2768 +1.2750
Aussie/Dollar AUD=D3 0.7672 0.7679 -0.08% -0.26% +0.7682 +0.7660
NZ NZD=D3 0.7199 0.7194 +0.15% +0.33% +0.7212 +0.7175
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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