* Graphic: World FX rates in 2019
* Euro firm after China growth data boosts risk sentiment
* Market awaits Euro zone PMI reports for cues
(Adds details and quotes, updates prices)
By Shinichi Saoshiro
TOKYO, April 18 (Reuters) - The euro was steady on Thursday after
evidence of strength in China improved the outlook for the global
economy, with the market looking next to European indicators to
provide the currency with a further boost.
The euro traded little changed at $1.1293 , having eked out a
gain of 0.1 percent the previous day.
The single currency has steadily recovered from a low of $1.1183
plumbed at the start of April.
The euro was lifted after data on Wednesday showed China's economy
grew at a steady 6.4 percent pace in the first quarter, defying
expectations for a further slowdown, as industrial production surged
and consumer demand showed signs of improvement.
"A recovering Chinese economy is also good news for the
German economy, and thus positive for the euro," said Junichi
Ishikawa, senior FX strategist at IG Securities in Tokyo.
"The ongoing surge in bund yields amid 'risk on' is a key
factor supporting the euro," he said.
The 10-year German bund yield rose to a one-month high of 0.10
percent overnight, in a sharp rebound from a 2-1/2-year low of minus
0.094 percent at the end of March.
Bund yields had sunk in March as concerns about slowing global
growth gripped the broader market. Investors are now watching Chinese
and European economic data for signs that the global economy is
performing better than initially thought.
"Data from China cleared the way for the euro, which needs
follow through support in the form of strong euro zone
indicators," Ishikawa at IG Securities said.
The Purchasing Managers' Indexes (PMIs) for the manufacturing and
service sectors in Europe, due later on Thursday, will provide the
next indication of strength for the European economy.
"It is hard to imagine the euro zone economy getting any
worse following their recent weakness and such views are helping
participants slowly embrace the euro," said Daisuke Karakama,
chief market economist at Mizuho Bank in Tokyo.
"The euro zone PMIs due today will attract a lot of
attention," he said.
The dollar index against a basket of six major currencies was
nearly flat at 97.051 after dipping 0.05 percent the previous day.
The U.S. currency inched down 0.1 percent to 111.955 yen
after briefly touching a four-month peak of 112.17 on Wednesday
amid a bounce in U.S. Treasury yields to a one-month high.
Commodity-linked currencies sagged after a surge in crude oil
prices ran out of steam.
The Canadian dollar stood at C$1.3351 per dollar, having pulled
back from a one-month high of C$1.3275 brushed on Wednesday.
The Australian dollar was flat at $0.7179 .
The currency briefly rose to $0.7200 as Australian job growth in
March surpassed forecasts.
But the Aussie was unable to sustain the rise as Thursday's data
set was not entirely rosy, showing that the country's unemployment
rate ticked up in March.
The Reserve Bank of Austria earlier this year opened the door for
a possible interest rate cut, and labour conditions are being watched
for potential impact on monetary policy.
(Editing by Jacqueline Wong and Richard Borsuk)
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