FOREX-Dollar steadies after U.S. jobs-related losses

    * Dollar index little changed after Friday payrolls fall
    * Jobs data takes shine off dollar rebound
    * Ethereum gains on futures debut
    * Bitcoin hits record high after Tesla purchase
    * Graphic: World FX rates

 (Adds details on Bitcoin, updates prices)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Feb 8 (Reuters) - The dollar was flat to slightly higher on Monday in choppy trading after
falling sharply on disappointing U.S. jobs data last week, as investors continued to see a faster U.S.
recovery than in most countries and were also focused on rallying crypto currencies after Tesla announced a
$1.5 billion investment in bitcoin.
    The dollar index was at 91.033,, up 0.05% on the day. On Friday, it fell as low as 90.981 after
data showed the U.S. economy created fewer jobs than expected in January and job losses in December were
greater than initially reported.
    "We view Friday's non-farm payrolls report as a speed bump rather than a roadblock for the emerging
growth divergence narrative," Mark McCormick, global head of FX strategy at TD Securities in Toronto, said
in a research note.
    "Stepping back from this single report, we still see growth expectations moving in the U.S.' favor,
especially versus Europe. Since the end of the first lockdowns last year, the U.S., Japan, and Canada are
the lone G10 countries to have seen growth expectations rise for next year," he added.
    Speculators have been reducing short positions - bets the dollar will weaken - on the currency. Some
analysts have flagged the likelihood that the same speculators will be forced out of their short positions
by a rise in the dollar.
    Net bearish bets on the dollar by speculators fell to $29.95 billion for the week ended Feb. 2, compared
with a net short position of $33.81 billion for the previous week, according to calculations by Reuters and
U.S. Commodity Futures Trading Commission data.
    Francesco Pesole, FX strategist at ING, said that even if the U.S. dollar recovery stalls, "we could
continue to see evidence of a USD short squeeze in the coming weeks."
    The euro was down modestly at $1.2037 against the dollar.
    In a note to clients, J.P. Morgan strategists said they "have growing confidence of underperformance of
EUR vs USD."
    Investor morale in the euro zone unexpectedly fell in February as lockdowns to suppress the COVID-19
caseload left their mark on the economy, which lost touch with other regions in the world as they recovered
further, a survey by Sentix showed.
    Sentix's investor sentiment index for the euro zone fell into negative territory, dropping to -0.2 from
1.3 in January. A Reuters poll had pointed to a reading of 1.9.
    The British pound bought $1.3732, little changed against the dollar.
    The dollar was quoted at 105.215 yen, having pulled back from a three-month high reached on
    In the cryptocurrency market, bitcoin hit another record high of $44,899 after Tesla Inc
 said on Monday it had invested around $1.5 billion in the virtual currency and expects to begin
accepting payment with it for its cars and other products in the near future..
    Bitcoin was last up 11.7% at 43,345.
    Ethereum hit a record high of $1,779.43 after the listing of futures for the cryptocurrency
on the Chicago Mercantile Exchange late Sunday. It was last up 6.55% at $1,722.91.
    Currency bid prices at 11:47AM (1647 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
 Dollar index                 91.0330        90.9980     +0.05%         1.169%        +91.2280    +90.8970
 Euro/Dollar                  $1.2037        $1.2050     -0.10%         -1.48%        +$1.2067    +$1.2020
 Dollar/Yen                   105.2150       105.3550    -0.14%         +1.85%        +105.6650   +105.1850
 Euro/Yen                     126.65         126.93      -0.22%         -0.21%        +127.1200   +126.6500
 Dollar/Swiss                 0.8992         0.8986      +0.07%         +1.64%        +0.9019     +0.8983
 Sterling/Dollar              $1.3732        $1.3736     -0.01%         +0.53%        +$1.3748    +$1.3680
 Dollar/Canadian              1.2762         1.2757      +0.06%         +0.24%        +1.2782     +1.2742
 Aussie/Dollar                $0.7695        $0.7679     +0.23%         +0.05%        +$0.7715    +$0.7652
 Euro/Swiss                   1.0824         1.0828      -0.04%         +0.16%        +1.0846     +1.0823
 Euro/Sterling                0.8765         0.8767      -0.02%         -1.94%        +0.8793     +0.8762
 NZ                           $0.7216        $0.7194     +0.32%         +0.50%        +$0.7231    +$0.7175
 Dollar/Norway                8.5155         8.5405      -0.23%         -0.77%        +8.5485     +8.4940
 Euro/Norway                  10.2531        10.2680     -0.15%         -2.06%        +10.2890    +10.2430
 Dollar/Sweden                8.3953         8.3576      +0.24%         +2.43%        +8.4171     +8.3703
 Euro/Sweden                  10.1075        10.0835     +0.24%         +0.31%        +10.1186    +10.0828

 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Karen Brettell in New York and Ritvik
Carvaljo in London; Editing by Allison Williams, Toby Chopra and Dan Grebler)