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FOREX-Dollar trims losses on strong import price increase

Fri Apr 11, 2008 8:40am EDT

NEW YORK, April 11 (Reuters) - The dollar trimmed losses against the euro on Friday after an unexpected jump in March import prices pointed to inflationary pressures, which could limit the Federal Reserve ability to continue cutting interest rates.

Currencies  |  Global Markets

The euro traded up 0.5 percent at $1.5825 EUR=, versus $1.5840 before the report, after scaling a session peak of $1.5855 in overnight trade.

(Reporting by Lucia Mutikani; Editing by Walker Simon)

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