FOREX-Dollar loses ground after economic data boosts risk appetite

(Updates prices, adds New York dateline, adds commentary) By Sinéad Carew and Joice Alves NEW YORK/LONDON, Nov 15 (Reuters) – The U.S. dollar lost ground to other currencies including the euro, the yen and sterling after U.S. economic data provided further evidence that inflation was starting to ease, improving investor appetite for riskier assets and reducing demand for the safe-haven greenback. The U.S. producer price index (PPI) increased 8.0% for the 12 months through October compared with economist expectations for 8.3% and September’s 8.4% increase, according to the Labor Department data. The report, following last week’s smaller-than-expected increase in consumer prices for October, encouraged investors who have been closely monitoring inflation data for signs that the Federal Reserve could slow its interest rate hikes, which are aimed at dampening soaring prices. “Risk appetite has improved….

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