FOREX-Safe-haven dollar wallows near one-week low as bond yields retreat


    * Commodity-linked Aussie and kiwi trade near one-week highs
    * Bitcoin climbs 12% this week, eyes record above $58,000
    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

    By Kevin Buckland
    TOKYO, March 12 (Reuters) - The safe-haven dollar languished
near a one-week low on Friday as calming bond markets lifted
investor sentiment and appetite for Asian currencies.
    The commodity-linked Australian and New Zealand dollars
traded close to one-week highs reached overnight as inflation
fears ebbed, sending Wall Street stocks to record highs.
    Cryptocurrency bitcoin briefly rose above
$58,000, approaching a record high.
    The dollar index wallowed just north of the 91.364
level touched overnight for the first time since Feb. 4. It has
dropped around 0.6% this week, after retreating from a more than
three-month high of 92.506 reached Tuesday.
    The gauge remains 1.6% higher this year as it tracked
benchmark 10-year Treasury yields from below 1% to
as high as 1.625% at the end of last week, before their retreat
to around 1.5% currently.
    A benign consumer price index reading this week helped allay
fears that increased fiscal stimulus and sustained ultra-easy
monetary policy could lead the U.S. recovery to overheat.
    Weekly employment data overnight, meanwhile, added to
positive signals from the jobs market, as President Joe Biden
signed his $1.9 trillion pandemic relief bill into law.

    "Risk sentiment is back in the ascendancy," Ray Attrill,
head of forex strategy at National Australia Bank, wrote in a
client note.
    "A 1.5% rather than 1% risk-free rate is evidently no longer
a problem for risk assets," although for the dollar, "it still
looks a bit premature to call a resumption of the 2020 downtrend
with any degree of conviction."
    The Aussie traded at $0.77865, on the cusp of the
one-week high of $0.7793 reached Thursday. New Zealand's kiwi
 changed hands at $0.7223, near the one-week high of
$0.7240 from overnight.
    The euro also traded close to a one-week high of $1.1990.
    On Thursday, the European Central Bank said it was ready to
accelerate money-printing to keep eurozone yields down.

    The dollar consolidated at around 108.60 yen, another
safe-haven currency, after pulling back from a nine-month high
of 109.235 reached on Tuesday.
    Bitcoin last traded at $57,185.71, up more than 12% for the
week, after topping $58,000 on Thursday for the first time since
it set a record high at $58,354.14 on Feb. 21. 
    
========================================================
    Currency bid prices at 048 GMT
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
                                              Session                                           
 Euro/Dollar                  $1.1982        $1.1986     -0.02%         -1.92%      +1.1988     +1.1980
 Dollar/Yen                   108.5670       108.4150    +0.00%         +4.96%      +108.5770   +0.0000
 Euro/Yen                     130.09         130.02      +0.05%         +2.50%      +130.1300   +130.0400
 Dollar/Swiss                 0.9249         0.9247      +0.02%         +4.54%      +0.9251     +0.9247
 Sterling/Dollar              1.3990         1.3994      -0.04%         +2.39%      +1.3992     +1.3988
 Dollar/Canadian              1.2529         1.2536      -0.04%         -1.59%      +1.2535     +1.2530
 Aussie/Dollar                0.7786         0.7787      -0.01%         +1.22%      +0.7790     +0.7782
 NZ                           0.7223         0.7227      -0.06%         +0.58%      +0.7231     +0.7223
 Dollar/Dollar All spots
Tokyo spots
Europe spots 
Volatilities 
Tokyo Forex market info from BOJ 
    

    
 (Reporting by Kevin Buckland; Editing by Sam Holmes)
  

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