FOREX-Dollar rises vs yen, Swiss franc as risk appetite improves

By Gertrude Chavez-Dreyfuss

* U.S.' Ross says preliminary trade deal may be signed this month * Markets await ECB's Lagarde's speech * Chinese yuan jumps to 12-week high vs U.S. dollar * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (New throughout, updates prices, market activity and comment, adds FX table; new byline, changes dateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, Nov 4 (Reuters) - The dollar on Monday was broadly higher against safe-haven currencies such as the yen and Swiss franc, bolstered by higher risk appetite due to U.S.-China trade hopes and Friday's generally upbeat U.S. non-farm payrolls report for October. "Market trends are being influenced by a better risk mood overall," said Shaun Osborne, chief FX strategist at Scotiabank in Toronto. He said trade hopes rose on U.S. Commerce Secretary's Wilbur Ross' optimism that a preliminary deal would be signed this month. Licenses for U.S. companies to sell components to China's Huawei Technologies Co "will be forthcoming very shortly," Ross said in an interview with Bloomberg published on Sunday. He noted the U.S. government had received 206 requests for licenses. The euro slipped as investors awaited Christine Lagarde's first speech as European Central Bank president. But the single currency remained near its highest levels in weeks after Ross said in the interview that Washington may not slap tariffs on imported vehicles after "good conversations" with automakers in the European Union, Japan and Korea. Tariffs have already been delayed once by six months, and trade experts say that could happen again. Lagarde delivers her first address as ECB chief on Monday, and markets assume she will stick with the easy policy of her predecessor, Mario Draghi. That view was boosted by data showing Germany's manufacturing sector remained stuck in recession and euro zone factory activity contracted sharply in October. In other currencies, the dollar rose 0.2% to 108.44 yen. Against the Swiss franc, another safe haven, the dollar was up 0.2% at 0.9873 franc. World stock markets rallied, denting demand for safe-haven investments, after the world's two largest economies both said on Friday they had made progress in trade talks. U.S. officials said a Phase-1 deal could be signed this month. The Chinese yuan rose to a 12-week high of 7.0225 against the greenback in the offshore market as risk sentiment continued to improve. An index that tracks the dollar against six major currencies was last up 0.1% at 97.323, breaching the 200-day moving average of 97.303. Sterling was flat to slightly down at $1.2925, after last month's rally from $1.2200, as investors wagered there was less risk of a hard Brexit now that an election campaign was underway. ======================================================== Currency bid prices at 9:17AM (1417 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1151 $1.1165 -0.13% -2.77% +1.1175 +1.1150 Dollar/Yen JPY= 108.4800 108.1700 +0.29% -1.61% +108.4900 +108.1900 Euro/Yen EURJPY= 120.97 120.80 +0.14% -4.16% +121.1000 +120.7800 Dollar/Swiss CHF= 0.9875 0.9854 +0.21% +0.62% +0.9888 +0.9854 Sterling/Dollar GBP= 1.2908 1.2934 -0.20% +1.18% +1.2946 +1.2910 Dollar/Canadian CAD= 1.3152 1.3134 +0.14% -3.56% +1.3160 +1.3129 Australian/Doll AUD= 0.6903 0.6913 -0.14% -2.07% +0.6925 +0.6901 ar Euro/Swiss EURCHF= 1.1015 1.1003 +0.11% -2.12% +1.1035 +1.1003 Euro/Sterling EURGBP= 0.8636 0.8631 +0.06% -3.86% +0.8645 +0.8622 NZ NZD= 0.6422 0.6426 -0.06% -4.39% +0.6465 +0.6421 Dollar/Dollar Dollar/Norway NOK= 9.1116 9.0890 +0.25% +5.47% +9.1189 +9.0761 Euro/Norway EURNOK= 10.1597 10.1480 +0.12% +2.58% +10.1722 +10.1330 Dollar/Sweden SEK= 9.5970 9.5621 +0.27% +7.06% +9.6004 +9.5415 Euro/Sweden EURSEK= 10.7027 10.6740 +0.27% +4.27% +10.7070 +10.6610 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Olga Kotaga in London; Editing by David Gregorio)