Trump says he has not agreed to roll back tariffs Conflicting...

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    • Trump says he has not agreed to roll back tariffs
    • Conflicting U.S.-China trade headlines roil FX market
    • Canada loses jobs; Canadian dollar falls
    • Chinese offshore yuan set for sixth winning week vs. dollar
    • Graphic: World FX rates in 2019

    (Recasts, adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON)

    The dollar rose to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies took a step back amid renewed uncertainty about the rollback of existing tariffs, a major component of a preliminary U.S.-China trade deal.

    The yen, another safe haven, rose as well. U.S. President Donald Trump on Friday further heightened the uncertainty, saying he has not agreed to roll back tariffs.

    His comments came a day after U.S. and Chinese officials reportedly agreed to roll back tariffs on each others' goods in a "phase one" trade deal if it is completed.

    But a report also on Thursday seemed to contradict that news, with multiple sources familiar with the talks saying the rollback faces fierce internal opposition at the White House and from outside advisers. The idea of a tariff rollback was not part of the original October "handshake" deal between Chinese Vice Premier Liu He and Trump, these sources said.

    "We had a lot of conflicting headlines and reports on the U.S.-China trade negotiations, specifically whether or not a phase one trade deal ... would include a reduction of existing tariffs," said Brian Daingerfield, head of G10 FX strategy, at Natwest Markets in Stamford, Connecticut.

    "So that's what really has been driving the market: this underlying uncertainty over whether or not we will get that rollback," he added.

    Overall, though, sentiment is likely to remain supportive for the dollar, equities, and other risky assets as efforts are being made to do a trade deal, which removes a huge risk to the global economic outlook.

    "The fact that there is some discussion of moving existing tariffs leans more positive," Daingerfield said.

    White House spokeswoman Stephanie Grisham told Fox Business Network in an interview on Friday that tariffs could be lifted on Chinese goods if an agreement is reached, but she gave no further details.

    In midmorning trading, the dollar index rose 0.2% to 98.329 .DXY after earlier hitting a three-week high, led by gain against the euro, which dipped 0.2% to $1.1024 EUR= .

    The dollar, however, fell 0.1% against the safe-haven yen to 109.18 yen JPY= The Canadian dollar, meanwhile, fell against the greenback after data showed the Canadian job market stagnated unexpectedly in October, losing 1,800 net positions, while the unemployment rate remained at 5.5%.

    The U.S. dollar was last up 0.5% at C$1.3235 CAD=D3 . "The sharp drop in manufacturing employment confirms the Bank of Canada's fears that weak global demand is starting to weigh more heavily on the economy," said Stephen Brown, senior Canada economist, at Capital Economics.

    	Currency bid prices at 10:19AM (1519 GMT) 
     Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	 High Bid	Low Bid 
    											  Previous				   Change				  
     Euro/Dollar	  EUR=		$1.1021		$1.1049	 -0.25%		 -3.91%	  +1.1055	 +1.1022 
     Dollar/Yen	   JPY=		109.2000	   109.2700	-0.06%		 -0.96%	  +109.4700   +109.1000 
     Euro/Yen		 EURJPY=	 120.38		 120.75	  -0.31%		 -4.63%	  +120.8700   +120.3300 
     Dollar/Swiss	 CHF=		0.9957		 0.9948	  +0.09%		 +1.46%	  +0.9972	 +0.9944 
     Sterling/Dollar  GBP=		1.2811		 1.2813	  -0.02%		 +0.42%	  +1.2824	 +1.2796 
     Dollar/Canadian  CAD=		1.3220		 1.3169	  +0.39%		 -3.06%	  +1.3236	 +1.3166 
     Australian/Doll  AUD=		0.6858		 0.6897	  -0.57%		 -2.71%	  +0.6906	 +0.6852 
     Euro/Swiss	   EURCHF=	 1.0978		 1.0992	  -0.13%		 -2.45%	  +1.1005	 +1.0979 
     Euro/Sterling	EURGBP=	 0.8601		 0.8621	  -0.23%		 -4.26%	  +0.8630	 +0.8600 
     NZ			   NZD=		0.6333		 0.6364	  -0.49%		 -5.72%	  +0.6381	 +0.6326 
     Dollar/Norway	NOK=		9.1526		 9.1088	  +0.48%		 +5.95%	  +9.1646	 +9.1057 
     Euro/Norway	  EURNOK=	 10.0887		10.0645	 +0.24%		 +1.84%	  +10.1185	+10.0618 
     Dollar/Sweden	SEK=		9.7048		 9.6275	  +0.55%		 +8.27%	  +9.7119	 +9.6249 
     Euro/Sweden	  EURSEK=	 10.6963		10.6381	 +0.55%		 +4.21%	  +10.7109	+10.6354                    
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