* U.S. fiscal stimulus boosts dollar
* Sino-U.S. tensions keep currency markets subdued
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E
(Adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON)
By Gertrude Chavez-Dreyfuss
NEW YORK, Aug 10 (Reuters) - The dollar gained against some currencies on Monday, such as the euro and
Swiss franc in generally choppy trading, as investors focused on fiscal stimulus in the United States and
U.S.-China tensions ahead of key trade talks on Aug. 15.
The greenback rose to one-week highs against the euro and Swiss franc.
The dollar index, however, traded little changed. It has recouped most of its losses in July when it
fell 4%, after Friday's data calmed some fears about the U.S. labour market but still weakened on the
week, for the seventh in a row. After talks in Washington over the next round of fiscal stimulus broke down, U.S. President Donald
Trump signed executive orders on Saturday, partially restoring enhanced unemployment payments to tens of
millions of jobless Americans. "We didn't get the deal done in Capitol Hill last week, but President Trump was able to sign those
executive actions. So we're getting some stimulus, but not enough," said Ed Moya, senior market analyst at
OANDA in New York.
"Right now, you'll probably going to see a little more consolidation this week of the big FX moves.
But the longer-term outlook continues to be great on the euro, so you'll probably see people buying on
dips," he added.
In mid-morning trading, the euro fell 0.1% against the dollar to $1.1770 EUR=EBS , while the U.S.
currency gained 0.2% versus the Swiss franc to 0.9143 franc CHF=EBS .
The Swiss National Bank sight deposits rose in the week ending Aug. 7. A rise in sight deposits can
indicate central bank intervention in foreign exchange markets to weaken the franc. Against the yen, however, the dollar slipped 0.1% to 105.84 yen JPY=EBS .
Overall, the dollar index was flat to slightly higher at 93.43 =USD .
Speculators increased their net short dollar positions in the latest week, according to weekly futures
data on Friday. The dollar's strength at the end of last week was also due to escalating tensions between the United
States and China, with the U.S. imposing sanctions on top Hong Kong and Chinese officials. This continued to drive investors towards the safe-haven dollar on Monday. China imposed sanctions on
11 U.S. citizens, including legislators. Prominent democracy activist, Hong Kong media tycoon Jimmy Lai, was arrested on Monday under China's
new national security law in the territory, while U.S. health chief Alex Azar visited Taiwan on Sunday - a
trip condemned by China which claims the island as its own. Senior U.S. and Chinese officials will meet via teleconference on Saturday to review the
implementation of their Phase 1 trade deal and likely air mutual grievances. Currency bid prices at 10:38AM (1438 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1771 $1.1786 -0.13% +5.00% +1.1801 +1.1741
Dollar/Yen JPY= 105.8100 105.9100 -0.09% -2.80% +106.1900 +105.7300
Euro/Yen EURJPY= 124.55 124.83 -0.22% +2.13% +124.8800 +124.5500
Dollar/Swiss CHF= 0.9142 0.9123 +0.21% -5.54% +0.9184 +0.9122
Sterling/Dollar GBP= 1.3089 1.3051 +0.29% -1.27% +1.3103 +1.3020
Dollar/Canadian CAD= 1.3346 1.3383 -0.28% +2.77% +1.3394 +1.3333
Australian/Doll AUD= 0.7171 0.7157 +0.20% +2.14% +0.7183 +0.7141
ar
Euro/Swiss EURCHF= 1.0764 1.0754 +0.09% -0.82% +1.0792 +1.0753
Euro/Sterling EURGBP= 0.8991 0.9030 -0.43% +6.35% +0.9038 +0.8986
NZ NZD= 0.6597 0.6602 -0.08% -2.06% +0.6611 +0.6579
Dollar/Dollar
Dollar/Norway NOK= 9.0159 9.0387 -0.25% +2.71% +9.0685 +8.9980
Euro/Norway EURNOK= 10.6143 10.6618 -0.45% +7.89% +10.6884 +10.6047
Dollar/Sweden SEK= 8.7291 8.7452 -0.35% -6.60% +8.7628 +8.7152
Euro/Sweden EURSEK= 10.2770 10.3132 -0.35% -1.84% +10.3220 +10.2711
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U.S. Dollar Index & CFTC Positions https://tmsnrt.rs/31zchBe
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