The News Review:

- FREX-US dollar rebounds as jobs data not bad as feared
- FREX-Dollar rallies as US job losses fewer than forecast
- FREX-Dlr slips vs yen ahead of US jobs data
- FREX-Dollar yen firm on risk aversion; BoE cuts rates

FREX-US dollar rebounds as jobs data not bad as feared
Reuters 
pct * Euro pressured by mixed euro zone economic data (Recasts adds comments U. data updates prices changesbyline dateline; previous LNDN) By Gertrude Chavez-Dreyfuss NEW YRK Jan 9 (Reuters) – The dollar rallied across theboard on Friday in volatile trading with investors relieved bydata showing U. job losses in December were not as dismal asmany had feared. Traders had positioned themselves for a gruesome non-farmpayrolls number following a U.

FREX-Dollar rallies as US job losses fewer than forecast
Reuters 
job losses at 524000; unemployment rate at 7. 2 pct (Adds comments updates prices) By Gertrude Chavez-Dreyfuss NEW YRK Jan 9 (Reuters) – The dollar rose on Friday onpace for its best weekly gain in two months against the euroas traders bought back the currency after betting that thegovernment jobs report would be even more dismal than it was. Traders had positioned themselves for a gruesome non-farmpayrolls number following an ominous private sector jobs reporton Wednesday. Many of those bearish dollar bets were squeezed when theLabor Department reported a headline figure of 524000slightly better than the market’s revised 550000 forecasttriggering a dollar rally. “December’s non-farm payroll report was unequivocallyawful but considering that many investors actually expectedeven worse results there was some sense of relief after therelease” said Meny Grauman an economist at CIBC WorldMarkets in Toronto. This “modest silver lining” he added has temporarilymanaged to push the dollar higher.

FREX-Dlr slips vs yen ahead of US jobs data
Reuters 
jobs data * Euro pressured by mixed euro zone economic data * Activity subdued ahead of U. payroll data * Payroll report expected to show loss of 550000 jobs (Adds comment updates prices) By Naomi Tajitsu LNDN Jan 9 (Reuters) – The dollar slipped against the yenon Friday ahead of U. payrolls data due later in the day thatwere expected to show a massive reduction in jobs while theeuro slipped after a mixed bag of regional economic data.

FREX-Dollar yen firm on risk aversion; BoE cuts rates
Reuters 
Sterling bounced to three-week highs versus the dollar andthe euro after the Bank of England met market expectations witha 50 basis point interest rate cut to 1. 5 percent continuingattempts to buffer the UK economy from a deep recession. The dollar built momentum versus higher-yielding currenciesas worries about the global economy slapped oil prices down some12 percent on Wednesday pressuring commodity currencies likethe Australian and New Zealand dollars lower.
Related from Rop-jo: Poland Cuts Rates in Move to Ease Slowing Economy