FOREX-Dollar trims losses on strong import price increase

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