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FOREX-Dollar slides from 3-month high on weak details of U.S. jobs report

    * U.S. nonfarm payrolls beat expectations, but jobless rate rises
    * Dollar still on track to post weekly gain
    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

 (Recasts, adds U.S. data, new comment, FX table, updates prices, changes byline, dateline; previous LONDON)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, July 2 (Reuters) - The dollar slipped from a three-month high on Friday, weighed down by some
of the weaker details of what was an overall strong U.S. non-farm payrolls report for June.
    Despite Friday's slide, the dollar was still poised to end the week on a positive note, with a 0.6%
gain. Going into the report, the dollar traded higher on the expectation of a robust jobs number.
    Data showed that U.S. nonfarm payrolls did beat expectations, increasing by 850,000 jobs last month
after rising 583,000 in May. But the unemployment rate rose to 5.9% from 5.8% in May, while the
closely-watched average hourly earnings, a gauge of wage inflation, rose 0.3% last month, lower than the
consensus forecast for a 0.4% increase.
    "We initially reacted positively to the headline, which was stronger than expected," said Vassili
Serebriakov, FX strategist, at UBS in New York. "And then moved a little lower because of some of the weaker
details of the report such as the higher unemployment rate and the higher bar for a positive surprise."
    In mid-morning trading, the dollar index fell 0.2% to 92.421, after earlier hitting a three-month
high of 92.759.
    The greenback has strengthened broadly since the U.S. Federal Reserve surprised markets last month by
signalling it could tighten policy earlier than expected to curb inflation.
    The euro was slightly higher on the day at $1.1854, after trading lower before the jobs
report. 
    Against the yen, the dollar slid 0.4% to 111.185 yen. On Thursday, the greenback hit a
15-month peak versus the Japanese currency.
    
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    Currency bid prices at 9:21AM (1321 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
                                              Session                                             
 Dollar index                 92.3710        92.5690     -0.20%         2.656%        +92.7590    +92.3720
 Euro/Dollar                  $1.1856        $1.1851     +0.05%         -2.95%        +$1.1859    +$1.1807
 Dollar/Yen                   111.1950       111.5750    -0.34%         +7.62%        +111.6550   +111.1500
 Euro/Yen                     131.83         132.15      -0.24%         +3.87%        +132.2200   +131.7000
 Dollar/Swiss                 0.9230         0.9257      -0.28%         +4.33%        +0.9274     +0.9224
 Sterling/Dollar              $1.3785        $1.3764     +0.18%         +0.93%        +$1.3790    +$1.3734
 Dollar/Canadian              1.2376         1.2437      -0.49%         -2.81%        +1.2449     +1.2376
 Aussie/Dollar                $0.7494        $0.7471     +0.31%         -2.58%        +$0.7496    +$0.7445
 Euro/Swiss                   1.0942         1.0965      -0.21%         +1.25%        +1.0972     +1.0937
 Euro/Sterling                0.8600         0.8603      -0.03%         -3.77%        +0.8617     +0.8591
 NZ                           $0.7000        $0.6969     +0.44%         -2.52%        +$0.7001    +$0.6947
 Dollar/Dollar                                                                                    
 Dollar/Norway                8.6150         8.6315      +0.09%         +0.61%        +8.6735     +8.6255
 Euro/Norway                  10.2150        10.2179     -0.03%         -2.41%        +10.2598    +10.2150
 Dollar/Sweden                8.5586         8.5722      -0.06%         +4.42%        +8.6014     +8.5593
 Euro/Sweden                  10.1485        10.1547     -0.06%         +0.72%        +10.1740    +10.1429
 
    
 (Reporting by Gertrude Chavez-Dreyfuss; Editing by Emelia Sithole-Matarise, William Maclean)
  
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