FOREX-Dollar flat as rally fizzles ahead of Easter weekend

* Fifth straight quarterly decline of dollar index

* Euro steady after strong German jobs data

(Updates market action) NEW YORK, March 29 (Reuters) - The dollar was little changed against a basket of currencies on Thursday, as its rebound from a five-week low, touched earlier this week, ran out of steam amid subdued trading activity ahead of the long Easter weekend in many of the world's largest trading centers. The dollar index, which measures the greenback against a basket of six other major currencies, was about flat on the day at 90.062. The index was down more than 2 percent for the quarter, its fifth straight quarter of declines. "It's pretty quiet trading. We are coming into the tail end of a shortened week for most people," said Shaun Osborne, chief FX strategist at Scotiabank in Toronto. "I think a lot of the month-end and quarter-end flows probably went through earlier this week just because everyone was looking at today and thinking it was likely to be a thinly traded day," Osborne added. The dollar index rose to a one-week high on Wednesday, helped by end-of-month and end-of-quarter rebalancing of portfolios by global asset and fund managers, which tends to be dollar-supportive. "A lot of the strength we have seen this week is likely to unwind to a large extent next week and beyond," Osborne said. Trading on Friday and Monday are likely to be subdued, said Vassili Serebriakov, currency strategist at Credit Agricole in New York. "It's the usual Easter effect," he said. Data on Thursday showed U.S. consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter. But the economy's fundamentals remained strong, with other data on Thursday showing the number of Americans filing for unemployment benefits dropping to more than a 45-year low last week. "I don't think there was any kind of particular surprise," said Serebriakov. "That's why we didn't see a lot of moves in either rates or forex," Serebriakov added. "We are also a bit more sensitive to what's going on in equities and on the trade front as well, so maybe the bar for data surprises is a little bit higher," Serebriakov said. Global markets were shaken this month when U.S. President Donald Trump moved to impose tariffs on Chinese goods, and Beijing threatened similar measures. But fears of a full-blown trade war have eased on hopes that negotiations can bring a compromise. The greenback was 0.33 percent lower against the yen, after rising 1.4 percent over the previous two sessions. The euro rose against the dollar as stronger-than-expected German unemployment data pointed to continued strength in the euro zone's largest economy, but the currency failed to hold gains and was trading little changed on the day. Sterling edged down as end-of-quarter portfolio rebalancing currency is still set for its best quarter against the dollar in almost three years. The Canadian dollar rose against its U.S. counterpart as firmer stock prices offset data showing the domestic economy unexpectedly contracted at the start of the year.


Currency bid prices at 3:16PM (1916 GMT)

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


Euro/Dollar EUR= $1.2303 $1.2307 -0.03% +2.56% +1.2335 +1.2285 Dollar/Yen JPY= 106.4900 106.8500 -0.34% -5.49% +106.9200 +106.2700 Euro/Yen EURJPY= 131.03 131.47 -0.33% -3.07% +131.6000 +130.6300 Dollar/Swiss CHF= 0.9561 0.9565 -0.04% -1.87% +0.9583 +0.9548 Sterling/Dollar GBP= 1.4032 1.4076 -0.31% +3.85% +1.4096 +1.4012 Dollar/Canadian CAD= 1.2872 1.2921 -0.38% +2.35% +1.2934 +1.2863 Australian/Doll AUD= 0.7685 0.7659 +0.34% -1.49% +0.7689 +0.7644


Euro/Swiss EURCHF= 1.1766 1.1774 -0.07% +0.66% +1.1796 +1.1755 Euro/Sterling EURGBP= 0.8767 0.8743 +0.27% -1.31% +0.8771 +0.8739 NZ NZD= 0.7228 0.7210 +0.25% +2.00% +0.7233 +0.7189


Dollar/Norway NOK= 7.8355 7.8621 -0.34% -4.53% +7.8775 +7.8354 Euro/Norway EURNOK= 9.6432 9.6758 -0.34% -2.09% +9.6931 +9.6418 Dollar/Sweden SEK= 8.3469 8.3495 -0.05% +1.77% +8.3848 +8.3319 Euro/Sweden EURSEK= 10.2717 10.2770 -0.05% +4.40% +10.3302 +10.2657

(Editing by Jon Boyle and Will Dunham)