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

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    (Adds U.S. prices)

    The dollar edged up on Wednesday as oil prices slowed after a big two-day advance, U.S. Treasury yields moved higher and investors awaited clues on the tapering of economic support by the Federal Reserve at this week's Jackson Hole symposium.

    Risk appetite in global markets improved after the U.S. Food and Drug Administration fully approved the COVID-19 vaccine developed by Pfizer PFE.N and BioNTech 22UAy.DE in a move that could accelerate U.S. inoculations.

    Dr. Anthony Fauci, the top U.S. infectious disease expert, said on Tuesday that the United States could get COVID-19 under control by early next year.

    But the focus has turned to the Jackson Hole symposium and what Fed Chair Jerome Powell may say about tapering the U.S. central bank's bond-buying program when he speaks on Friday.

    The markets expect Powell to sound dovish and echo concerns last week by Robert Kaplan, the Dallas Fed president, who said he might reconsider the start to tapering due to the Delta variant of the coronavirus, said Shaun Osborne, chief FX strategist at Scotiabank in Toronto.

    "The risk is that Powell does not really say anything too different but by virtue of not backing up Kaplan, comes across as more hawkish," Osborne said.

    The dollar picked up support as Treasury yields nudged higher, he said. The benchmark 10-year Treasury note rose 4.4 basis points to yield 1.33%.

    The dollar index =USD , which measures the U.S. currency against a basket of six major trading currencies, rose 0.028% to 92.941.

    The euro EUR= gained 0.03% at $1.1757, while the yen JPY= rose 0.36% at $110.0200.

    The greenback had rallied until the start of this week, with the dollar index hitting a 9-1/2-month high of 93.734 on Friday, on fears over the Delta variant's economic impact and as the Fed signaled its tapering of monetary stimulus was likely this year.

    Vasileios Gkionakis, global head of FX strategy at Lombard Odier Group, said there's been skittishness over growth and sector rotations, which has boosted the dollar because of its safe-haven status.

    "In the short term, we're still going to be trading in ranges, with upside bias," Gkionakis said.

    Dollar underperformance after Jackson Hole could be a buying opportunity ahead of the release of U.S. data next week, including the non-farm payrolls report for August, said Valentin Marinov, head of G10 FX research at Credit Agricole.

    "Potential positive surprises from the NFP in particular could put QE (quantitative easing) taper back among the main FX market drivers and support the USD," Marinov said.

    Sterling GBP=D3 traded 0.03% lower at $1.3723 after rising to as high as $1.37475 on Tuesday, its strongest since Nov. 19.

    Australia's dollar AUD=D3 dropped 0.09% to $0.7265 after touching a one-week high of $0.7271 in the previous session.

    The dollar gained 0.3% to 1.2624 against the Canadian dollar as commodity prices, and especially crude oil, have moderated.

    Brent crude LCOc1 , the international benchmark, rose $0.37 at $71.42 a barrel after gaining 9% on Monday and Tuesday from last week's close.

    The Canadian currency still looks fundamentally undervalued but the case for a significant rebound after recent volatility has weakened, Osborne said. The narrowing of U.S.-Canadian spreads will make it harder for the Canadian dollar to strengthen materially for now, he said.

    "Generally, we expect the U.S. dollar to grind higher in the next few weeks and months," he said.

    	======================================================== 
    	Currency bid prices at 11:58AM (1558 GMT) 
    
     Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	   High Bid	Low Bid 
    											  Previous				   Change					
    											  Session											  
     Dollar index	  =USD	   92.9360		92.9130	 +0.03%		 3.284%		+93.1350	+92.8720 
     Euro/Dollar	   EUR=EBS	$1.1758		$1.1757	 +0.01%		 -3.76%		+$1.1760	+$1.1726 
     Dollar/Yen		JPY=EBS	110.0200	   109.6800	+0.32%		 +6.49%		+110.1000   +109.6650 
     Euro/Yen		  EURJPY=	129.35		 128.93	  +0.33%		 +1.91%		+129.4000   +128.7700 
     Dollar/Swiss	  CHF=EBS	0.9135		 0.9129	  +0.07%		 +3.26%		+0.9157	 +0.9127 
     Sterling/Dollar   GBP=D3	 $1.3723		$1.3729	 -0.03%		 +0.46%		+$1.3743	+$1.3699 
     Dollar/Canadian   CAD=D3	 1.2624		 1.2589	  +0.28%		 -0.86%		+1.2643	 +1.2589 
     Aussie/Dollar	 AUD=D3	 $0.7265		$0.7259	 +0.09%		 -5.56%		+$0.7267	+$0.7238 
     Euro/Swiss		EURCHF=	1.0741		 1.0731	  +0.09%		 -0.61%		+1.0749	 +1.0724 
     Euro/Sterling	 EURGBP=	0.8565		 0.8559	  +0.07%		 -4.16%		+0.8569	 +0.8552 
     NZ				NZD=D3	 $0.6962		$0.6954	 +0.14%		 -3.03%		+$0.6966	+$0.6930 
     Dollar/Dollar																					 
    
     Dollar/Norway	 NOK=D3	 8.8190		 8.8335	  +0.28%		 +3.16%		+8.8610	 +8.8200 
     Euro/Norway	   EURNOK=	10.3700		10.3697	 +0.00%		 -0.93%		+10.4060	+10.3509 
     Dollar/Sweden	 SEK=	   8.6966		 8.6940	  +0.14%		 +6.10%		+8.7215	 +8.6849 
     Euro/Sweden	   EURSEK=	10.2273		10.2135	 +0.14%		 +1.50%		+10.2365	+10.1996 
    	<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
    World FX rates	https://tmsnrt.rs/2RBWI5E 
    
    	^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>                    
 
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