U.S. payrolls grow far less than forecast in February U.S....

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    • U.S. payrolls grow far less than forecast in February
    • U.S. jobless rate dips below 4 pct, wage rise more than expected
    • Swedish crown hits over 16-year low on Riksbank's dovish turn
    • Euro on track for weekly loss of 1.7 percent
    • Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

    (Updates market action, changes dateline, previous LONDON)

    The dollar fell against most major currencies on Friday as data showed U.S. employers hired far fewer workers than forecast in February, although the jobless rate fell and wages grew more than expected.

    The Swedish crown SEK=D3 fell to a 16-year low, as Riksbank joined its central bank counterparts in Europe and Canada in adopting a cautious outlook.

    The greenback reversed some of its biggest one-day gains in nearly seven months on Thursday as the European Central Bank and other overseas central banks hinted they might pump more stimulus, either by buying more assets or lowering interest rates to help their struggling economies.

    Traders sold the dollar a bit more early Friday after a measly 20,000-job increase in domestic payrolls last month, far fewer than 180,000 forecast among analysts polled by Reuters. But traders were encouraged by the unemployment rate falling back below 4 percent and the average hourly earnings accelerating by 0.4 percent.

    "The dollar sold off mildly. It doesn't look that bad when you look at the details," said Peter Ng, senior currency trader at Silicon Valley Bank in Santa Clara, California.

    At 10:34 a.m. EST (1534 GMT), an index that tracks the dollar against a basket of six currencies .DXY was down 0.33 percent at 97.341. It touched 97.710 on Thursday, the highest since Dec. 14.

    On the week, the dollar index was on track to gain 0.85 percent.

    Much of the greenback's weekly rise stemmed from a dramatic sell-off in the euro on Thursday when the ECB offered a fresh round of cheap loans to banks and pushed back any plan to raise rates into 2020.

    The common currency EUR=EBS rose 0.35 percent to $1.1232, rebounding from a 20-month low of $1.11765 reached on Thursday.

    Friday's rise reduced the euro's weekly loss against the dollar to 1.17 percent, which would be its steepest one-week decline since late September.

    Among other G10 currencies, the Swedish crown SEK=D3 succumbed to further selling pressure, hitting 9.4890 on Friday, its weakest since August 2002.

    The crown slipped again a day after Swedish Central Bank Governor Stefan Ingves struck a dovish note in a statement to Parliament. Data showed Swedish house prices fell in the three months ending in February.

    "Yesterday, the Riksbank suggested that its forecasts for repo rate hikes were simply that – a forecast but not a promise," HSBC strategists said in a daily note.

    	Currency bid prices at 10:36AM (1536 GMT) 
     Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	 High Bid	Low Bid 
    											  Previous				   Change				  
     Euro/Dollar	  EUR=		$1.1230		$1.1192	 +0.34%		 -2.08%	  +1.1241	 +1.1185 
     Dollar/Yen	   JPY=		111.0300	   111.5800	-0.49%		 +0.70%	  +111.6400   +110.8000 
     Euro/Yen		 EURJPY=	 124.72		 124.90	  -0.14%		 -1.19%	  +125.0200   +124.2800 
     Dollar/Swiss	 CHF=		1.0069		 1.0111	  -0.42%		 +2.60%	  +1.0118	 +1.0071 
     Sterling/Dollar  GBP=		1.3034		 1.3084	  -0.38%		 +2.17%	  +1.3108	 +1.3029 
     Dollar/Canadian  CAD=		1.3428		 1.3453	  -0.19%		 -1.53%	  +1.3467	 +1.3391 
     Australian/Doll  AUD=		0.7044		 0.7013	  +0.44%		 -0.07%	  +0.7051	 +0.7004 
     Euro/Swiss	   EURCHF=	 1.1310		 1.1320	  -0.09%		 +0.50%	  +1.1333	 +1.1309 
     Euro/Sterling	EURGBP=	 0.8615		 0.8553	  +0.72%		 -4.11%	  +0.8619	 +0.8548 
     NZ			   NZD=		0.6799		 0.6752	  +0.70%		 +1.22%	  +0.6809	 +0.6752 
     Dollar/Norway	NOK=		8.7797		 8.7773	  +0.03%		 +1.63%	  +8.8194	 +8.7727 
     Euro/Norway	  EURNOK=	 9.8607		 9.8238	  +0.38%		 -0.46%	  +9.8797	 +9.8183 
     Dollar/Sweden	SEK=		9.4435		 9.4555	  +0.23%		 +5.35%	  +9.4988	 +9.4439 
     Euro/Sweden	  EURSEK=	 10.6070		10.5829	 +0.23%		 +3.34%	  +10.6470	+10.5820 
    GRAPHIC-U.S. unemployment interactive	http//tmsnrt.rs/2RIGI1O 

    GRAPHIC-Euro http//tmsnrt.rs/2C8AXF1

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