Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds PMI...

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    (Adds PMI data, U.S. open)

    The U.S. dollar slid on Monday, after posting its biggest weekly rise in more than two months last week, while markets embraced a risk-on mood with weak data suggesting the Federal Reserve is unlikely to quickly remove its accommodative stance quickly.

    U.S. business activity growth slowed for a third straight month in August as capacity constraints, supply shortages and the rapidly spreading Delta variant of the coronavirus weakened the economic rebound, Data firm IHS Markit showed.

    "Today is about a little risk-on rebound. You have almost every risky asset rally here," Edward Moya, senior market analyst at foreign exchange brokerage OANDA in New York.

    The dollar index hit a nine-month high last week, climbing nearly 5% from May lows, as investors firmed up bets the Fed will start scaling back pandemic-era stimulus policies ahead of Europe and Japan.

    But Robert Kaplan, president of the Dallas Fed, dented those expectations on Friday when the well-known hawk said he might reconsider the need for an early start to tapering if the virus harms the economy.

    Markets have concluded there's not going to be a 'taper tantrum' like in 2013, Moya said. Fears the Fed would tighten monetary policy caused interest rates to spike at the time.

    "Despite the inevitable announcement of tapering at some point this year, it's going to be very slow and it's not going to signal any imminent rate hikes at the end of next year," he said.

    Riskier currencies, including the Aussie AUD=D3 , Norwegian crown NOK=D3 and the Canadian dollar CAD=D3 were among the major beneficiaries of a weaker dollar.

    The dollar index hit a nine-month high last week, climbing nearly 5% from May lows, as investors firmed up bets the Fed will start scaling back pandemic-era stimulus policies ahead of Europe and Japan.

    Canada's commodities-heavy stock index inched toward record highs as oil prices rebounded from a seven-day losing streak.

    The dollar index =USD , which measures its performance against a basket of six major currencies, fell 0.415% to 93.066.

    The euro EUR= was up 0.37% at $1.1739, while the Japanese yen JPY= traded down 0.04% at 109.7600.

    Some investors, such as Stephen Jen who runs hedge fund Eurizon SLJ Capital, remain long-term dollar bulls.

    "Maybe I was too early in making this call, but a muscular U.S. economy that is centred on technology and one that embraces creative destruction will likely enjoy elevated trend growth in the years ahead," Jen said.

    Elsewhere, the euro popped to a three-day high after data showed euro zone business grew strongly this month, though the pace of expansion slowed on fears new coronavirus strains may bring renewed restrictions.

    The Australian dollar was among the major gainers after Prime Minister Scott Morrison said Australians must start to learn to live with COVID-19 when higher vaccination targets are reached.

    The New Zealand dollar NZD=D3 edged 0.7% higher to $0.6874, still near Friday's 9 1/2-month low of $0.6807, with the nation under lockdown to contain a Delta outbreak.

    In cryptocurrencies, bitcoin BTC=BTSP topped $50,000 for the first time since mid-May, and last traded 1.16% higher at $49,875.87.

    Currency bid prices at 10:52AM (1452 GMT)

     Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	   High Bid	Low Bid 
    											  Previous				   Change					
    											  Session											  
     Dollar index	  =USD	   93.0770		93.4810	 -0.42%		 3.441%		+93.4850	+93.0560 
     Euro/Dollar	   EUR=EBS	$1.1737		$1.1699	 +0.32%		 -3.94%		+$1.1744	+$1.1694 
     Dollar/Yen		JPY=EBS	109.7800	   109.7850	+0.00%		 +6.25%		+110.1450   +109.7450 
     Euro/Yen		  EURJPY=	128.83		 128.41	  +0.33%		 +1.50%		+129.1400   +128.4200 
     Dollar/Swiss	  CHF=EBS	0.9132		 0.9169	  -0.43%		 +3.19%		+0.9178	 +0.9130 
     Sterling/Dollar   GBP=D3	 $1.3714		$1.3620	 +0.69%		 +0.38%		+$1.3719	+$1.3610 
     Dollar/Canadian   CAD=D3	 1.2704		 1.2811	  -0.82%		 -0.22%		+1.2832	 +1.2698 
     Aussie/Dollar	 AUD=D3	 $0.7196		$0.7138	 +0.80%		 -6.47%		+$0.7198	+$0.7120 
     Euro/Swiss		EURCHF=	1.0716		 1.0726	  -0.09%		 -0.84%		+1.0757	 +1.0716 
     Euro/Sterling	 EURGBP=	0.8555		 0.8589	  -0.40%		 -4.27%		+0.8593	 +0.8557 
     NZ				NZD=D3	 $0.6875		$0.6840	 +0.52%		 -4.25%		+$0.6879	+$0.6820 
     Dollar/Dollar																					 
    
     Dollar/Norway	 NOK=D3	 8.9165		 9.0185	  -1.11%		 +3.85%		+9.0330	 +8.9180 
     Euro/Norway	   EURNOK=	10.4649		10.5544	 -0.85%		 -0.02%		+10.5826	+10.4673 
     Dollar/Sweden	 SEK=	   8.7197		 8.8089	  -0.61%		 +6.38%		+8.8130	 +8.7185 
     Euro/Sweden	   EURSEK=	10.2347		10.2972	 -0.61%		 +1.57%		+10.3050	+10.2360 
    	 
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    World FX rates	https://tmsnrt.rs/2RBWI5E 
    

    FX positions https://tmsnrt.rs/3kgFo5J

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