News: FOREX-Yen falls as global tensions abate, sterling rises

• Dollar's loss limited by encouraging U.S. private jobs data
• Pound extends rise on hopes 'no-deal' Brexit is averted
• Swedish crown gains on hawkish signal from Riksbank
• Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

(Updates market action, adds quote)

The yen slipped 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.

"That's very positive since it's been so tumultuous for markets the past few months because of the trade war," Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California, said of the October trade talks.

In late U.S. trading, 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 0.5% lower at 118.015 after falling to 118.6, marking a three-week low versus the common currency.

The dollar was 0.04% weaker versus a basket of currencies .DXY on lower safe-haven demand, but its losses were limited by some encouraging news on the U.S. labor market and service sector.

Payroll processor ADP said U.S. companies hired 195,000 workers in August, which exceded the 158,000-worker 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 0.60% at $1.2327, moving further from a three-year low reached on Tuesday.

Against the euro, sterling EURGBP=D3 gained 0.57% to 89.52 pence after touching a 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 reached a two-week high of 10.6575 against the euro EURSEK=D3 , and rose 0.44% to 9.693 to the dollar SEK=D3 .

======================================================== 
	Currency bid prices at 2:56PM (1856 GMT) 

 Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	 High Bid	Low Bid 
											  Previous				   Change				  
											  Session											
 Euro/Dollar	  EUR=		$1.1031		$1.1033	 -0.02%		 -3.82%	  +1.1084	 +1.1018 
 Dollar/Yen	   JPY=		106.9600	   106.3800	+0.55%		 -2.99%	  +107.2200   +106.3300 
 Euro/Yen		 EURJPY=	 118.00		 117.39	  +0.52%		 -6.51%	  +118.6000   +117.2900 
 Dollar/Swiss	 CHF=		0.9868		 0.9805	  +0.64%		 +0.55%	  +0.9873	 +0.9806 
 Sterling/Dollar  GBP=		1.2325		 1.2250	  +0.61%		 -3.39%	  +1.2353	 +1.2211 
 Dollar/Canadian  CAD=		1.3237		 1.3222	  +0.11%		 -2.94%	  +1.3246	 +1.3192 
 Australian/Doll  AUD=		0.6814		 0.6796	  +0.26%		 -3.33%	  +0.6830	 +0.6795 
 ar																							  

 Euro/Swiss	   EURCHF=	 1.0887		 1.0820	  +0.62%		 -3.26%	  +1.0913	 +1.0819 
 Euro/Sterling	EURGBP=	 0.8951		 0.9005	  -0.60%		 -0.37%	  +0.9030	 +0.8948 
 NZ			   NZD=		0.6371		 0.6358	  +0.20%		 -5.15%	  +0.6396	 +0.6355 
 Dollar/Dollar																				   

 Dollar/Norway	NOK=		9.0078		 9.0299	  -0.24%		 +4.27%	  +9.0353	 +8.9658 
 Euro/Norway	  EURNOK=	 9.9388		 9.9673	  -0.29%		 +0.33%	  +9.9681	 +9.9254 
 Dollar/Sweden	SEK=		9.6952		 9.7316	  -0.38%		 +8.16%	  +9.7442	 +9.6522 
 Euro/Sweden	  EURSEK=	 10.6973		10.7383	 -0.38%		 +4.22%	  +10.7541	+10.6650 
	<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
Japanese yen loses ground as US-China return to negotiating 

table http//tmsnrt.rs/2zStsjR Swedish crown rises on Riksbank forecasting higher rates http//tmsnrt.rs/2PHk5y3

	^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>