FOREX-Dollar rises vs yen, franc; risky currencies rally as traders stop taking profits

* Investors focus on key events next week: Brexit, cenbank meetings
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

(Recasts, adds new comment, U.S. data, FX table; updates prices; changes byline, dateline; previous
LONDON)
By Chuck Mikolajczak
NEW YORK, June 12 (Reuters) - The U.S. dollar rose against the safe-haven Japanese yen and Swiss franc
on Friday as stocks on Wall Street bounced from their worst one-day performance in three months, while the
euro edged lower against the greenback, erasing early gains.
The yen was weaker against the dollar for the first time in five sessions, while the Swiss franc
declined as Wall Street rallied to claw back some of the sharp losses suffered in the prior session.
"What we have to take into consideration is what was the big move yesterday – you did see the flight
to safety and when that happens, it is all about the Japanese yen and the Swiss franc and today they are
giving back their gains," said Edward Moya, senior market analyst at OANDA in New York.
"We love to talk about the dollar, but right now it's all about the yen and franc giving back their
gains as Wall Street rebounds following that big sell-off."
Hopes of a post-COVID global recovery, the easing of U.S.-China trade tensions and the prospect of
capped long-term yields in the United States had weighed on the U.S. dollar, pushing it lower against most
major currencies, before it strengthened.
The euro fell 0.3% to $1.1266 EUR=EBS , staying close to $1.1422, the three-month high it reached on
Wednesday.
The dollar was up against the yen, last trading up 0.4% to 107.325 JPY=EBS and up 0.7% against the
franc at 0.9511.
Investors were also bracing for a number of key events in the next few days, including discussions on
the European Union recovery fund, Brexit negotiations, Bank of England and Swedish National Bank meetings
and Federal Reserve Chair Jerome Powell's semi-annual testimony to the Senate banking committee.
The British pound weakened on data showing Britain's economy shrank by a record 20.4% in April from
March as the country spent the month in a tight coronavirus lockdown. Investors saw the number as likely
the bottom of the crash before what is expected to be a long and slow recovery. Sterling was last down 0.37% at $1.2551 GBP=D3 and was flat versus the euro at 89.64 pence
EURGBP=D3 .
The dollar showed little reaction to U.S. economic data on import prices and consumer sentiment
released on Friday. ========================================================
Currency bid prices at 10:40AM (1440 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1266 $1.1297 -0.27% +0.50% +1.1340 +1.1268
Dollar/Yen JPY= 107.3400 106.8500 +0.46% -1.40% +107.5400 +106.6000
Euro/Yen EURJPY= 120.95 120.73 +0.18% -0.82% +121.8000 +120.2700
Dollar/Swiss CHF= 0.9497 0.9440 +0.60% -1.87% +0.9499 +0.9437
Sterling/Dollar GBP= 1.2553 1.2600 -0.37% -5.32% +1.2653 +1.2546
Dollar/Canadian CAD= 1.3583 1.3624 -0.30% +4.60% +1.3666 +1.3527
Australian/Doll AUD= 0.6854 0.6854 +0.00% -2.38% +0.6911 +0.6800
ar
Euro/Swiss EURCHF= 1.0702 1.0666 +0.34% -1.38% +1.0727 +1.0656
Euro/Sterling EURGBP= 0.8973 0.8964 +0.10% +6.14% +0.8992 +0.8948
NZ NZD= 0.6432 0.6430 +0.03% -4.51% +0.6477 +0.6395
Dollar/Dollar
Dollar/Norway NOK= 9.6263 9.6200 +0.07% +9.66% +9.6950 +9.5103
Euro/Norway EURNOK= 10.8465 10.8700 -0.22% +10.25% +10.9335 +10.7814
Dollar/Sweden SEK= 9.3353 9.3179 -0.10% -0.13% +9.3555 +9.2350
Euro/Sweden EURSEK= 10.5188 10.5296 -0.10% +0.47% +10.5555 +10.4690