FOREX-Dollar advances after robust U.S. jobs report, supports Fed on hold - Reuters

    * U.S. economy creates 266,000 jobs in November
    * Jobs data supports Fed pausing rate cuts
    * U.S. economy still slowing down, despite jobs - analyst
    * Dollar on track for worst weekly loss since mid-October

 (Adds comment, more details on jobs report, FX table, updates prices, changes byline, dateline; previous
LONDON)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Dec 6 (Reuters) - The dollar rose on Friday after five straight days of losses, bolstered by
data showing the U.S. economy created way more jobs than expected in November, backing the Federal
Reserve's stance of keeping interest rates on hold after cutting them three times this year.
    Gains in the dollar though were modest despite a robust jobs number. The greenback has been pummeled
all week due to a slew of weaker-than-expected U.S. data in manufacturing and services with investors
coming to grips with the reality that the economy is slowing down.
    Friday's jobs report provided a respite from all the pessimism on the economy amid poor numbers and
persistent uncertainty on U.S.-China trade negotiations.
    Data showed nonfarm payrolls increased by 266,000 jobs last month, with manufacturing recouping all
43,000 positions lost in October. Economists polled by Reuters had forecast payrolls rising by 180,000
jobs in November.
    Despite Friday's gains however, the dollar was still on track for its worst weekly percentage loss
since mid-October.
    "No question today's jobs report is strong, but is it strong enough for people to change their views
about the economy?" said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. 
    "I still think the U.S. economy is weakening and I don't think today's number is going to change
people's expectations for Q4 GDP (gross domestic product), which I think is headed toward 1%," he added.
    Earlier in the week, U.S. data showed dismal figures on private payrolls and services activity, and a
weak manufacturing activity index and construction spending figures 
    In midmorning trading, the dollar index gained 0.3% to 97.674. For the week, the dollar was
down 0.6%, its largest weekly loss in 1-1/2 months.
    The dollar was up slightly against the yen at 108.84 yen, but still poised for its worst weekly
performance in nearly two months.
    The euro, on the other hand, fell to 1.1074, down 0.3%.
    Sterling cooled off a bit on Friday, down 0.3% at $1.3126 and little changed against the euro
at 84.36 pence. The pound, though, was close to a 2-1/2-year high as traders grew more
confident uncertainty over Brexit would end soon.
    
    ========================================================
    Currency bid prices at 9:40AM (1440 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
                                              Session                                           
 Euro/Dollar      EUR=        $1.1073        $1.1102     -0.26%         -3.45%      +1.1109     +1.1069
 Dollar/Yen       JPY=        108.8000       108.7500    +0.05%         -1.32%      +108.9100   +108.5600
 Euro/Yen         EURJPY=     120.49         120.75      -0.22%         -4.54%      +120.7900   +120.4100
 Dollar/Swiss     CHF=        0.9899         0.9870      +0.29%         +0.87%      +0.9917     +0.9865
 Sterling/Dollar  GBP=        1.3128         1.3155      -0.21%         +2.91%      +1.3165     +1.3112
 Dollar/Canadian  CAD=        1.3249         1.3173      +0.58%         -2.85%      +1.3259     +1.3171
 Australian/Doll  AUD=        0.6844         0.6833      +0.16%         -2.91%      +0.6857     +0.6831
 ar                                                                                             
 Euro/Swiss       EURCHF=     1.0964         1.0961      +0.03%         -2.58%      +1.0980     +1.0956
 Euro/Sterling    EURGBP=     0.8433         0.8438      -0.06%         -6.13%      +0.8467     +0.8433
 NZ               NZD=        0.6564         0.6541      +0.35%         -2.28%      +0.6573     +0.6542
 Dollar/Dollar                                                                                  
 Dollar/Norway    NOK=        9.1187         9.1370      -0.20%         +5.56%      +9.1541     +9.1173
 Euro/Norway      EURNOK=     10.0999        10.1438     -0.43%         +1.96%      +10.1540    +10.0990
 Dollar/Sweden    SEK=        9.4672         9.4892      -0.55%         +5.62%      +9.5017     +9.4676
 Euro/Sweden      EURSEK=     10.4856        10.5435     -0.55%         +2.16%      +10.5457    +10.4860
 
 (Reporting by Gertrude Chavez-Dreyfuss; editing by John Stonestreet and Jonathan Oatis)
  

Our Standards:The Thomson Reuters Trust Principles.

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