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FOREX-Dollar firms after nearing seven-week lows

 (Updates prices)
    * Dollar firms after dipping to lowest since March 3
    * Euro strengthens
    * British pound tests $1.40, then eases
    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

    By David Henry
    NEW YORK, April 20 (Reuters) - The dollar firmed on Tuesday
amid a mix of gains and losses against major currencies as
interest rates in the United States moved in a tight range and
the outlook for vaccinations in Europe improved.
    After touching its lowest level in nearly seven weeks in
Asia trading, the dollar index rose 0.2% at 91.186 in
mid-day trading in New York.
    The euro was flat at $1.2036 after rising nearly
0.4% and the British pound backed off 0.4% to $1.3943
after gaining 1% on Monday and touching $1.40.
    The dollar has fallen in April as U.S. bond yields retreated
from the 14-month highs of 1.776% reached last month. The
currency and yield declines have come as evidence mounted that
the Federal Reserve would be slower about tightening monetary
policy than it had appeared to the market, analysts said.
    The 10-year Treasury yield dropped to 1.56% at
midday after trading in a narrow range around 1.60%.

    The currency and interest rate markets could be relatively
calm for another few weeks as the Fed and the European Central
Bank each take their time about adjusting their rate policies,
said Mazen Issa, senior currency strategist at TD Securities.
    "There really isn't a strong catalyst in either direction
this month to really break us out of ranges," Issa said. 
    Some encouragement for the euro came from the announcement
that the European Union has secured an additional 100 million
doses of the COVID-19 vaccine produced by BioNTech
and Pfizer.
    The vaccination news suggests that the pace of Europe's
recovery from the pandemic will begin to catch up with the
United States and its story of faster growth, Issa said.
    "The FX market is moving away from this idea of full-on U.S.
exceptionalism to being in a little bit more in limbo now," he
said.
    Against the Japanese yen, the dollar edged up to 108.10
after having broken below 108 for the first time since March 5.
    The commodity-linked Norwegian crown hit its strongest since
2018 versus the dollar and also reached its strongest since
January 2020 versus the euro.
    Bitcoin rose 0.2% to $55,790.        
========================================================
    Currency bid prices at 1:04PM (1704 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
                                              Session                                             
 Dollar index                 91.1860        91.0490     +0.16%         1.339%        +91.2360    +90.8560
 Euro/Dollar                  $1.2033        $1.2036     -0.02%         -1.52%        +$1.2080    +$1.2025
 Dollar/Yen                   108.1000       108.1500    -0.02%         +4.65%        +108.5450   +107.9750
 Euro/Yen                     130.06         130.14      -0.06%         +2.47%        +130.9600   +130.0100
 Dollar/Swiss                 0.9157         0.9153      +0.04%         +3.50%        +0.9169     +0.9136
 Sterling/Dollar              $1.3943        $1.3989     -0.36%         +2.03%        +$1.4008    +$1.3934
 Dollar/Canadian              1.2594         1.2531      +0.50%         -1.10%        +1.2596     +1.2479
 Aussie/Dollar                $0.7733        $0.7755     -0.26%         +0.54%        +$0.7815    +$0.7730
 Euro/Swiss                   1.1019         1.1016      +0.03%         +1.96%        +1.1047     +1.1010
 Euro/Sterling                0.8628         0.8605      +0.27%         -3.46%        +0.8643     +0.8603
 NZ                           $0.7179        $0.7180     -0.03%         -0.04%        +$0.7229    +$0.7177
 Dollar/Dollar                                                                                    
 Dollar/Norway                8.3485         8.2965      +0.63%         -2.77%        +8.3590     +8.2520
 Euro/Norway                  10.0454        9.9866      +0.59%         -4.03%        +10.0559    +9.9532
 Dollar/Sweden                8.4319         8.3980      +0.36%         +2.87%        +8.4406     +8.3615
 Euro/Sweden                  10.1464        10.1099     +0.36%         +0.69%        +10.1583    +10.0990
 
    
 (Reporting by David Henry in New York and Elizabeth Howcroft in
London; Additional reporting by Hideyuki Sano and Kevin
Buckland; Editing by Larry King, Steve Orlofsky, Alex Richardson
and Dan Grebler)
  
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