June 13, 2018 / 12:44 PM / 6 months ago

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

NEW YORK (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 .DXY was down 0.03 percent at 93.771.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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