FOREX-Dollar near 3-week high, US job gains weaken case for large Fed cut

* U.S. jobs beat forecast, lessens case for aggressive Fed cut

* Treasury yields, dollar gain; focus on Powell's testimony

* Pound at 6-mth low; lira slides after c.bank chief removed

* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

By Tomo Uetake

TOKYO, July 8 (Reuters) - The dollar rose broadly on Monday after strong U.S. jobs growth in June suggested the Federal Reserve will not aggressively cut interest rates later this month.

U.S. nonfarm payrolls rebounded in June to 224,000, the most in five months, data showed on Friday, beating economists' consensus estimate of 160,000.

The solid outcome virtually wipes out chances for a half point Fed rate cut at the end of July, but moderate wage gains among other data showing the world's largest economy was losing steam could still encourage the central bank to cut rates by 25 basis points.

The dollar index climbed to as high as 97.443 on Friday, its highest level since June 19, as U.S. Treasury yields rose across the board.

The index, which measures the greenback against a basket of major currencies, was last quoted at 97.277, almost flat in early Asian trade on Monday, with the euro traded at $1.1223.

Against the yen, the dollar advanced to as high as 108.640 on Friday, its highest since June 18. The pair was last quoted at 108.51 yen.

"There is no great urgency for the Fed to act, and surely not by the half a percentage point move," said Marc Chandler, chief market strategist at Bannockburn Global Forex.

As traders' focus quickly shifted to Federal Reserve Chairman Jerome Powell's Congressional testimony, due Wednesday and Thursday this week, Chandler said it might be too late to persuade the market that the Fed will not cut rates now.

"But Powell can lean against the idea that the Fed will cut rates 75 bp this year, by emphasising the still robust expansion, strong financial conditions, and perhaps couching a cut in terms of 'insurance.'"

The British pound hit a six-month low to the dollar on Friday, after poor economic data and a rise in expectations that the Bank of England will cut interest rates. Better-than-expected U.S. jobs data sparked a rally in the dollar, adding to sterling's losses.

Sterling plunged to as low as $1.2481, its lowest since the "flash crash" on January 3 when the pound dropped to $1.2409. It last quoted at $1.2525.

Elsewhere, the Turkish lira weakened sharply after President Tayyip Erdogan dismissed the country's central bank governor.

The lira slid to as low as 5.8245 to the dollar , its lowest in two weeks, in very early Asian trade and last traded at 5.7500, after paring some of its losses.