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FOREX-Dollar rises on stock rebound, upbeat Chinese data


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* China produces record trade surplus with U.S. despitetariffs

* Chinese export data lift risk appetite, trade worries

* Sterling retreats before EU summit next week

* Euro declines as ECB's Draghi moderates inflation outlook

* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates market action, changes dateline, previous LONDON)

By Richard Leong

NEW YORK, Oct 12 (Reuters) - The dollar climbed on Fridayagainst a basket of currencies as global equity prices reboundedfrom a six-day rout and robust Chinese export figures soothedsome worries about the world's second-biggest economy and itstrade war with Washington.

Euro and sterling snapped their three-day winning streak inadvance of next week's European Union summit where Britain andthe economic bloc may strike a Brexit deal. urn:newsml:reuters.com:*:nL8N1WS2KK

China's exports jumped 14.5 percent in September from a yearearlier, the biggest year-over-year increase in seven months andmarking a record trade surplus with the United States. Thissuggested the tariffs U.S. President Donald Trump has slapped onBeijing have yet to bite. urn:newsml:reuters.com:*:nL4N1WP28H

"The market breathed a sigh of relief with the Chinese tradenumbers despite the tit-for-tat trade war with the U.S.," saidDean Popplewell, vice president of market analysis at Oanda inToronto. "People were happy to put on some risk."

A weaker yuan likely mitigated the sting from U.S. duties on$250 billion worth of Chinese-made goods, analysts said.

U.S. Treasury Secretary Steven Mnuchin said on Friday hetold China's central bank chief that currency issues need to bepart of any further U.S.-China trade talks. urn:newsml:reuters.com:*:nL2N1WS0LU

At 10:43 a.m. (1443 GMT), an index that tracks the dollarversus six major currencies .DXY was up 0.29 percent at95.291.

It touched a seven-week high of 96.15 on Tuesday as U.S.10-year Treasury yield US10YT=RR hit a 7-year peak due to worries about rising inflation and U.S. government debt supply.

The MSCI All-Country World index .MIWD00000PUS , whichtracks shares in 47 countries, was up 1.16 percent on the day.

The euro and pound retreated from two-week and three-weekpeaks, respectively, versus the greenback reached followingcomments from EU Brexit negotiator Michel Barnier on Wednesdaywho suggested an agreement for Britain to leave the EU could bereached next week.

The single currency was down 0.35 percent at $1.1553, while sterling was 0.52 percent lower at $1.3166.

The common currency also fell after European Central BankPresident Mario Draghi toned down his outlook for a rise inunderlying inflation from "relatively vigorous" to "gradual." urn:newsml:reuters.com:*:nL8N1WS1VP

The Chinese yuan CNH=EBS fell 0.5 percent to 6.9123 perdollar in offshore trading, as the latest Chinese export figuresstoked concerns they would ratchet up trade tension betweenChina and the United States.========================================================

Currency bid prices at 10:42AM (1442 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid

Previous Change

Session Euro/Dollar EUR= $1.1550$1.1593 -0.37% -3.72% +1.1610 +1.1536 Dollar/Yen JPY= 112.1400 112.1600 -0.02% -0.47% +112.4900 +112.0200 Euro/Yen EURJPY= 129.55 130.02 -0.36% -4.16% +130.4900 +129.4300 Dollar/Swiss CHF= 0.9919 0.9893 +0.26% +1.81% +0.9930 +0.9883 Sterling/Dollar GBP= 1.3164 1.3233 -0.52% -2.58% +1.3258 +1.3165 Dollar/Canadian CAD= 1.3026 1.3027 -0.01% +3.57% +1.3040 +1.3002 Australian/Doll AUD= 0.7121 0.7123 -0.03% -8.72% +0.7139 +0.7112 ar Euro/Swiss EURCHF= 1.1461 1.1470 -0.08% -1.95% +1.1492 +1.1450 Euro/Sterling EURGBP= 0.8772 0.8757 +0.17% -1.25% +0.8781 +0.8746 NZ Dollar/Dolar NZD= 0.6509 0.6520 -0.17% -8.14% +0.6532 +0.6509 Dollar/Norway NOK= 8.1820 8.2135 -0.38% -0.30% +8.2218 +8.1724 Euro/Norway EURNOK= 9.4546 9.5226 -0.71% -4.03% +9.5367 +9.4496 Dollar/Sweden SEK= 8.9764 8.9726 -0.33% +9.45% +8.9835 +8.9387 Euro/Sweden EURSEK= 10.3693 10.4032 -0.33% +5.39% +10.4095 +10.3560

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Graphic: World FX rates in 2018   http://tmsnrt.rs/2egbfVh
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(Additional reporting by Tom Finn in LONDON, Vatsal Srivastavain SINGAPOREEditing by Larry King and Phil Berlowitz) ((richard.leong@thomsonreuters.com; +1 646 223 6313; ReutersMessaging: richard.leong.thomsonreuters.com@thomsonreuters.net;Twitter @RichardLeong2))




This article appears in: Politics , Stocks , World Markets



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