FOREX-Euro rises to 1-week high on upbeat data, view on ECB

* Lautenschlaeger feeds bets on ECB paring asset purchases

* Catalonia's separatist move from Spain caps euro rise

* Dollar index hits 1-week low on reduced hopes for tax overhaul

(Updates market action, changes dateline, previous LONDON) NEW YORK, Oct 10 (Reuters) - The euro hit a one-week peak on Tuesday as Germany rang up its best month for exports in a year in August and expectations grew that the European Central Bank may consider scaling back its asset purchases. The currency's rise this year had lost some momentum in recent days as political concerns, notably Spain's Catalan secessionist movement, have intensified. The euro has fallen more than 3 percent against the dollar over the last month but underlying economic data has shown resilience. "The focus is shifting away from the political news to the economic data and that is turning to be euro positive, and we should see the currency supported before the ECB meeting," said Viraj Patel, an FX strategist at ING Bank in London. German exports rose 3.1 percent in August, their strongest month in a year, putting Europe's economic engine on track for a solid 2017. The euro gained 0.5 percent to $1.1807, its strongest since Oct. 2, after overnight comments from Sabine Lautenschlaeger, an ECB executive board member, calling for the ECB to roll back asset purchases in 2018. The ECB is expected to decide on Oct. 26 whether to continue bond purchases next year. Signals from policymakers suggest they will opt for lower volumes but also an extension of the scheme, possibly by six or nine months. The euro's gains were capped as traders awaited a speech at 1600 GMT from Catalonia's secessionist leader Carles Puigdemont to possibly declare the region's independence from Spain despite Madrid's warnings of counter-measures. The euro's strength came at the expense of the dollar, which has receded from a 10-week high on tensions between the United States and North Korea over the latter's nuclear weapons program. A spat between U.S. President Donald Trump and an influential Republican senator raised speculation that the tax overhaul plan Trump introduced would stall, weighing down the greenback. "Some of the political wrangling over the weekend was seen as detrimental to tax reform," said Bill Northey, chief investment officer at U.S. Bank Wealth Management in Helena, Montana. An index that tracks the dollar against a basket of currencies was down 0.45 percent at 93.253. It hit a 10-week high of 94.267 on Friday when surprisingly strong U.S. wage data stoked expectations that the Federal Reserve would raise interest rates for a third time in 2017.


Currency bid prices at 10:07AM (1407 GMT)

Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change


Euro/Dollar EUR= $1.1806 $1.1739 +0.57% +12.30% +1.1808 +1.1740 Dollar/Yen JPY= 112.1500 112.6600 -0.45% -4.04% +112.8200 +112.1500 Euro/Yen EURJPY= 132.41 132.28 +0.10% +0.00% +132.7400 +132.2400 Dollar/Swiss CHF= 0.9754 0.9796 -0.43% -4.17% +0.9800 +0.9756 Sterling/Dollar GBP= 1.3193 1.3140 +0.40% +0.00% +1.3203 +1.3132 Dollar/Canadian CAD= 1.2487 1.2547 -0.48% +0.00% +1.2555 +1.2483 Australian/Doll AUD= 0.7783 0.7752 +0.40% +0.00% +0.7796 +0.7751


Euro/Swiss EURCHF= 1.1518 1.1501 +0.15% +0.00% +1.1524 +1.1500 Euro/Sterling EURGBP= 0.8947 0.8931 +0.18% +0.00% +0.8952 +0.8926 NZ NZD= 0.7069 0.7063 +0.08% +0.00% +0.7087 +0.7057


Dollar/Norway NOK= 7.9397 7.9831 -0.54% -8.07% +7.9859 +7.9398 Euro/Norway EURNOK= 9.3760 9.3744 +0.02% +0.00% +9.4050 +9.3570 Dollar/Sweden SEK= 8.0663 8.1236 -0.15% +0.00% +8.1279 +8.0661 Euro/Sweden EURSEK= 9.5235 9.5378 -0.15% +0.00% +9.5494 +9.5184

All spots FX= Tokyo spots AFX= Europe spots EFX= Volatilities FXVOL= Tokyo Forex market info from BOJ TKYFX World central bank news CEN

Economic Forecasts... ECON Official rates...INT/RATE Forex Diary.......MI/DIARY Top events........M/DIARY

Diaries...........DIARY Diaries Index........IND/DIARY Press Digests.....PRESS Polls on G7 economies..SURVEY/ European markets......MARKETS/))

(Additional reporting by Saikat Chatterjee in London; Editing