May 10, 2018 / 12:45 PM / 6 months ago

FOREX-Dollar index add losses as U.S. CPI misses forecast

NEW YORK, May 10 (Reuters) - The dollar’s losses against a basket of currencies grew on Thursday as U.S. consumer prices increased less than expected in April, paring traders’ optimism inflation is accelerating which would allow the Federal Reserve to hike interest rates faster.

At 8:39 a.m. (1249 GMT), an index that tracks the dollar versus the euro, yen, sterling and three other currencies was down 0.41 percent at 92.658. (Reporting by Richard Leong)

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