June 13, 2018 / 12:43 PM / 7 days ago

FOREX-Dollar index trims fall after U.S. May PPI data

NEW YORK, June 13 (Reuters) - The dollar briefly pared earlier losses against a basket of currencies on Wednesday as a stronger-than-forecast increase in domestic producer prices in May reinforced traders’ expectations of further interest rate hikes from the Federal Reserve.

At 8:37 a.m. (1237 GMT), the index that tracks the greenback versus a group of six currencies was down 0.03 percent at 93.771. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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