* Dollar's loss limited by encouraging U.S. private jobs
* Pound extends rally on hopes 'no-deal' Brexit is averted
* Swedish crown jumps on hawkish signal from Riksbank
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
(Updates market action, changes dateline, previous LONDON)
By Richard Leong
NEW YORK, Sept 5 (Reuters) - The yen fell on Thursday as
global tensions including the U.S.-China trade conflict showed
signs of thawing, bolstering investor confidence and reducing
demand for safe-haven currencies.
The pound rose to its highest level against the dollar in
more than a month on hopes that a no-deal Brexit would be
avoided.
"Funding currencies are in retreat on a ratcheting down of
tensions on a global basis," said Karl Schamotta, director of
global markets strategy at Cambridge Global Payments in Toronto.
The most notable development was China and the United States
agreeing on Thursday to hold high-level talks in early October
in Washington. That stoked hopes the world's biggest economies
would move toward a deal to resolve their trade differences.
Their heated rhetoric and tit-for-tat tariffs have rattled
investors and their outlook on the global economy since this
summer.
At 12:08 a.m. (1608 GMT), the dollar JPY=EBS was up 0.53%
at 106.975 yen after reaching 107.235 yen, which was its highest
level since late July.
Against the euro, the yen EURJPY=EBS was 0.57% lower at
118.1 after falling to 118.6, marking a three-week low versus
the common currency.
The dollar was 0.07% weaker versus a basket of currencies
.DXY on lower safe-haven demand, but its losses was limited by
some encouraging news on the U.S. labor market.
"We have relatively robust U.S. employment data that suggest
the U.S. is still the consumer of last resort for the world
economy," Schamotta said.
Payroll processor ADP (NASDAQ:ADP) said U.S. companies hired 195,000
workers in August, which was more than the 158,000 increase that
analysts polled by Reuters had forecast. Traders and analysts await the government's monthly payrolls
report due at 8:30 a.m. (1230 GMT) on Friday as a confirmation
of resilience in the labor market.
Sterling continued its rally after British lawmakers
approved legislation on Wednesday to extend the Brexit deadline
for the third time and rejected Prime Minister Boris Johnson's
motion to hold a snap election.
The pound GBP=D3 was last trading up 0.63% at $1.233,
moving further from a three-year low reached on Tuesday.
Against the euro, sterling EURGBP=D3 gained 0.54% at 89.54
pence after touching near six-week high of 89.49 pence.
Among other major currencies, the Swedish crown jumped after
Riksbank, the country's central bank, said it still expected to
tighten monetary policy around the turn of the year, surprising
markets and sparking big gains in the long-suffering currency.
The Swedish crown jumped to a two-week high of 10.6575
against the euro EURSEK=D3 , and also rallied 0.6% against the
dollar SEK=D3 .
========================================================
Currency bid prices at 12:09PM (1609 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1039 $1.1033 +0.05% -3.75% +1.1084 +1.1018
Dollar/Yen JPY= 106.9600 106.3800 +0.55% -2.99% +107.2200 +106.3300
Euro/Yen EURJPY= 118.10 117.39 +0.60% -6.43% +118.6000 +117.2900
Dollar/Swiss CHF= 0.9865 0.9805 +0.61% +0.52% +0.9873 +0.9806
Sterling/Dollar GBP= 1.2328 1.2250 +0.64% -3.36% +1.2353 +1.2211
Dollar/Canadian CAD= 1.3236 1.3222 +0.11% -2.94% +1.3245 +1.3192
Australian/Doll AUD= 0.6818 0.6796 +0.32% -3.28% +0.6830 +0.6795
Euro/Swiss EURCHF= 1.0893 1.0820 +0.67% -3.21% +1.0913 +1.0819
Euro/Sterling EURGBP= 0.8952 0.9005 -0.59% -0.36% +0.9030 +0.8948
NZ NZD= 0.6373 0.6358 +0.24% -5.12% +0.6396 +0.6355
Dollar/Dollar
Dollar/Norway NOK= 8.9929 9.0299 -0.41% +4.10% +9.0353 +8.9658
Euro/Norway EURNOK= 9.9265 9.9673 -0.41% +0.21% +9.9681 +9.9254
Dollar/Sweden SEK= 9.6812 9.7316 -0.46% +8.00% +9.7442 +9.6522
Euro/Sweden EURSEK= 10.6892 10.7383 -0.46% +4.14% +10.7541 +10.6650
Japanese yen loses ground as US-China return to negotiating
table https://tmsnrt.rs/2zStsjR
Swedish crown rises on Riksbank forecasting higher rates https://tmsnrt.rs/2PHk5y3
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