for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

FOREX-U.S. dollar slides from four-week high; euro rises

    * Euro rises after Bloomberg report on ECB forecasts
    * Sterling rises after EU says will not suspend Brexit talks
    * BoC keeps rates steady; Canadian dollar up
    * U.S. dollar to be well-supported until year-end -analyst
    * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E

 (Recasts, adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Sept 9 (Reuters) - The dollar slid from a four-week high on Wednesday, led by losses against
the euro after a news report said European Central Bank officials have become more confident in their
outlook for the region's recovery.
    Some analysts, however, expect the dollar to hold recent gains after a steep fall the last few months
    Citing euro area officials, Bloomberg News reported that the ECB's upcoming projections for output and
inflation will show only slight changes to the June outlook, with gross domestic product for this year to
be revised higher and private consumption doing much better than expected.
    The report comes ahead of Thursday's ECB monetary policy meeting.
    "That news comes after comments from ECB officials earlier that the exchange rate is once again
popping up on the ECB's radar," said Shaun Osborne, chief FX strategist, at Scotiabank in Toronto.
    "The inference is that if they have more confidence in their economic outlook, that means they may be
less worried about the exchange rate," he added.
    In mid-morning trading, the euro rose 0.4% against the dollar to $1.1820, which pushed the
dollar index down 0.3% at 93.214. Earlier in the session, the index advanced to a four-week peak.
    That said, Scotia's Osborne believes the dollar will remain firmer relative to the major currencies
into the year-end, citing extreme bets against it in the speculative market.
    "Over the next few weeks, we can see the dollar well-supported, primarily because positioning has been
quite heavily skewed, especially towards the euro," Osborne said.
    "I don't think with this pullback in the euro, we have seen anywhere near tidying up those significant
positions."
    The dollar also fell against the Swiss franc, declining 0.4% to 0.9141 franc.
    Against the yen, however, the dollar rose 0.2% to 106.19 yen.
    Earlier, the safe-haven yen had gained after news of a delay in the roll-out of a vaccine for COVID.
    AstraZeneca Plc said it had paused global trials, including large late-stage trials, of its
experimental coronavirus vaccine due to an unexplained illness in a study participant.
    Roll-out of an effective vaccine is seen as key for economies to overcome the effects of the pandemic.
    Sterling, meanwhile, rose back above $1.30 on Wednesday after an EU statement that said it would not
suspend Brexit negotiations over the British government's new internal market bill. The pound was last up
0.1% at $1.2990.
    Earlier in the session, sterling fell to its lowest level in six weeks as new legislation on Britain's
post-Brexit plans stoked fears that trade talks with the European Union would derail.
    The Canadian dollar recovered against the U.S. dollar, which fell 0.5% to C$1.3162.
    Bank of Canada held interest rate steady at 0.25% on Wednesday and said the economy will continue to
require extraordinary monetary policy support to recover from the pandemic-induced slump.
    
    ========================================================
    Currency bid prices at 10:48AM (1448 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
                                              Session                                           
 Euro/Dollar      EUR=        $1.1824        $1.1779     +0.38%         +5.49%      +1.1833     +1.1754
 Dollar/Yen       JPY=        106.1800       106.0100    +0.16%         -2.46%      +106.2400   +105.8000
 Euro/Yen         EURJPY=     125.55         124.83      +0.58%         +2.96%      +125.6400   +124.4500
 Dollar/Swiss     CHF=        0.9132         0.9173      -0.45%         -5.64%      +0.9190     +0.9134
 Sterling/Dollar  GBP=        1.2997         1.2987      +0.08%         -1.98%      +1.3014     +1.2886
 Dollar/Canadian  CAD=        1.3165         1.3232      -0.51%         +1.38%      +1.3259     +1.3159
 Australian/Doll  AUD=        0.7276         0.7214      +0.86%         +3.63%      +0.7282     +0.7193
 ar                                                                                             
 Euro/Swiss       EURCHF=     1.0800         1.0804      -0.04%         -0.48%      +1.0817     +1.0793
 Euro/Sterling    EURGBP=     0.9097         0.9068      +0.32%         +7.61%      +0.9130     +0.9060
 NZ               NZD=        0.6679         0.6618      +0.92%         -0.85%      +0.6683     +0.6602
 Dollar/Dollar                                                                                  
 Dollar/Norway    NOK=        9.0226         9.1243      -1.11%         +2.78%      +9.1840     +9.0205
 Euro/Norway      EURNOK=     10.6710        10.7498     -0.73%         +8.47%      +10.8001    +10.6700
 Dollar/Sweden    SEK=        8.7596         8.8312      -0.35%         -6.29%      +8.8554     +8.7517
 Euro/Sweden      EURSEK=     10.3603        10.3966     -0.35%         -1.04%      +10.4160    +10.3480
 
 (Reporting by Gertrude Chavez-Dreyfuss; Editing by Andrea Ricci)
  
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up