FOREX-Dollar steady as European manufacturing data in focus


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 (Updates prices)
    By Karen Brettell
    NEW YORK, April 15 (Reuters) - The dollar was little changed
against the euro on Monday as investors focused on European
manufacturing data due on Thursday for signs that growth in the
region is improving.
    "The pace of deterioration in that part of the world has
begun to ebb and I think investors are waiting for more concrete
signs that we may have passed the worst," said Mazen Issa,
senior FX strategist at TD Securities in New York.
    Improving European data would likely bolster risk appetite
and send equities prices higher. That in turn could be negative
for the greenback as investors chase higher-yielding
opportunities elsewhere.
    "The dollar has shown a fairly strong relationship with
relative equity prices for the U.S. versus the rest of the
world, and to the extent that we move into an environment where
non-U.S. asset markets begin to perform ... we may see a
tactical move lower in the dollar," Issa said.
    Although the dollar tends to underperform when risk appetite
grows, data on Friday showed speculators bolstered their net
long dollar position in the latest week. It is now at its
highest level since December 2015, while traders remain short
the euro.*:nL1N21U1J1
    Data on Friday showing that China's exports rebounded in
March while new bank loans rose more than expected has helped to
boost risk sentiment.*:nL3N21S1F8*:nL3N21Q1YT
    Investors are also focused on U.S.-China trade talks, with
any deal between the two countries seen as likely to remove
headwinds to global growth.
    U.S. Treasury Secretary Steven Mnuchin said on Saturday a
U.S.-China trade agreement would go "way beyond" previous
efforts to open China's markets to U.S. companies and he hoped
that the two sides were "close to the final round" of
    U.S. negotiators have tempered demands that China curb
industrial subsidies as a condition for a trade deal after
strong resistance from Beijing, according to two sources briefed
on discussions, marking a retreat on a core U.S. objective for
the trade talks.*:nL1N21X01T
    Currency bid prices at 2:24PM (1824 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
 Euro/Dollar      EUR=        $1.1299        $1.1301     -0.02%         -1.48%      +1.1321     +1.1296
 Dollar/Yen       JPY=        112.0100       112.0000    +0.01%         +1.59%      +112.0900   +111.8900
 Euro/Yen         EURJPY=     126.57         126.56      +0.01%         +0.28%      +126.7800   +126.4900
 Dollar/Swiss     CHF=        1.0045         1.0022      +0.23%         +2.35%      +1.0045     +1.0010
 Sterling/Dollar  GBP=        1.3097         1.3081      +0.12%         +2.67%      +1.3119     +1.3067
 Dollar/Canadian  CAD=        1.3379         1.3320      +0.44%         -1.89%      +1.3389     +1.3297
 Australian/Doll  AUD=        0.7174         0.7171      +0.04%         +1.77%      +0.7182     +0.7164
 Euro/Swiss       EURCHF=     1.1353         1.1324      +0.26%         +0.88%      +1.1354     +1.1325
 Euro/Sterling    EURGBP=     0.8627         0.8636      -0.10%         -3.97%      +0.8649     +0.8619
 NZ               NZD=        0.6758         0.6760      -0.03%         +0.61%      +0.6782     +0.6751
 Dollar/Norway    NOK=        8.4969         8.4869      +0.12%         -1.64%      +8.5033     +8.4807
 Euro/Norway      EURNOK=     9.6033         9.5918      +0.12%         -3.06%      +9.6164     +9.5856
 Dollar/Sweden    SEK=        9.2695         9.2691      +0.02%         +3.41%      +9.2753     +9.2437
 Euro/Sweden      EURSEK=     10.4773        10.4750     +0.02%         +2.08%      +10.4795    +10.4569

 (Additional reporting by Tommy Wilkes in London
Editing by Paul Simao and Lisa Shumaker)
 ((; +1 646 223 6274; Reuters

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