Politics
EFX

FOREX-Dollar gains as job gains beat expectations

* Payroll gains beat expectations in March

* Wage growth slows as people leave labor force

* Trump says U.S., China close to trade deal (Adds Trump comments on Fed, updates prices)

NEW YORK, April 5 (Reuters) - The dollar rose on Fridayafter a jobs report for March showed than U.S. job gains werebetter than expected during the month while wage pressures weremuted.

Nonfarm payrolls rose by 196,000 jobs last month. Data forFebruary was revised modestly up to show payrolls rising by33,000 jobs instead of the previously reported 20,000. Februaryjob gains were the smallest since September 2017.

Wage gains also slowed in March and more people dropped outof the labor force. Average hourly earnings increased by fourcents, or 0.1 percent in March after jumping 0.4 percent inFebruary.

"It's a pretty mixed report. The headline was a little bitbetter than expected, February was revised up slightly, butobviously the average hourly earnings was a big disappointment,"said Win Thin, global head of currency strategy at BrownBrothers Harriman in New York.

Reaction in the dollar was relatively muted, and thegreenback initially fell before moving into positive territory.The dollar index against a basket of six major currencies waslast up 0.10% on the day at 97.402.

Investors are focused on data for further clues aboutFederal Reserve policy after the U.S. central bank stunnedmarkets in March by abandoning projections for any interest ratehikes this year.

"The takeaway for me is that it basically means steady asshe goes," said Thin.

"The thought of any rate cuts this year seems premature, butat the same time the lack of any wage pressures argues againstany hikes. So we're in the limbo again where the Fed is waitingand seeing," he said.

President Donald Trump said on Friday the Fed should lowerinterest rates and take other unconventional measures to easepressure on an economy that he said they slowed down.

Trade talks between the U.S. and China are also in focus asinvestors hope an agreement may remove some global headwinds togrowth.

Trump said on Thursday the countries were close to a dealthat could be announced within four weeks, while warning Beijingthat it would be difficult to allow trade to continue without apact.

Sterling weakened on Friday as doubts swirled over BritishPrime Minister Theresa May's attempt to further delay Brexit.

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Currency bid prices at 2:00PM (1800 GMT) Description RIC Last U.S. Close Pct YTD Pct High Bid Low Bid

Previous Change Change

Session Euro/Dollar EUR= $1.1214$1.1220 -0.05% -2.22% +1.1244 +1.1211 Dollar/Yen JPY= 111.6900 111.6500 +0.04% +1.30% +111.8100 +111.6000 Euro/Yen EURJPY= 125.28 125.28 +0.00% -0.74% +125.5100 +125.2400 Dollar/Swiss CHF= 1.0000 0.9996 +0.04% +1.90% +1.0012 +0.9992 Sterling/Dollar GBP= 1.3031 1.3077 -0.35% +2.13% +1.3122 +1.2988 Dollar/Canadian CAD= 1.3385 1.3358 +0.20% -1.86% +1.3402 +1.3348 Australian/Doll AUD= 0.7102 0.7111 -0.13% +0.75% +0.7131 +0.7093 ar Euro/Swiss EURCHF= 1.1213 1.1219 -0.05% -0.36% +1.1240 +1.1213 Euro/Sterling EURGBP= 0.8606 0.8581 +0.29% -4.21% +0.8637 +0.8557 NZ NZD= 0.6725 0.6751 -0.39% +0.12% +0.6765 +0.6719 Dollar/Dollar Dollar/Norway NOK= 8.6115 8.5985 +0.15% -0.31% +8.6234 +8.5871 Euro/Norway EURNOK= 9.6600 9.6500 +0.10% -2.48% +9.6690 +9.6434 Dollar/Sweden SEK= 9.2980 9.2834 +0.13% +3.73% +9.3007 +9.2617 Euro/Sweden EURSEK= 10.4293 10.4160 +0.13% +1.61% +10.4300 +10.4040

All spots FX= Tokyo spots AFX= Europe spots EFX= Volatilities FXVOL= Tokyo Forex market info from BOJ TKYFX World central bank newsCENEconomic Forecasts... ECON Official rates...INT/RATEForex Diary.......MI/DIARY Top events........M/DIARYDiaries...........DIARY Diaries Index........IND/DIARYPress Digests.....PRESS Polls on G7 economies..SURVEY/European markets......MARKETS/)) (Editing by Susan Thomas) ((Karen.Brettell@thomsonreuters.com; +1 646 223 6274; ReutersMessaging: karen.brettell.reuters.com@reuters.net))


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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