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FOREX-Dollar flat after more evidence of rising inflation

    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

 (Adds comments from Fed's Barkin, Waller, quote, updates
prices)
    By Kate Duguid and Karen Brettell
    NEW YORK, May 13 (Reuters) - The dollar held steady near
week highs on Thursday after the U.S. Labor Department reported
higher producer prices in April, further evidence that inflation
is rising in the United States.
    The producer price index rose 0.6% in April after surging
1.0% in March. In the 12 months through April, the PPI shot up
6.2%. That was the biggest year-on-year rise since the series
was revamped in 2010 and followed a 4.2% jump in March.

    Thursday's report follows data on Wednesday showing consumer
prices increased by the most in nearly 12 years in April.
    "The hotter-than-expected April U.S. PPI report did not have
the impact Wednesday's huge CPI gains had on markets," said
Ronald Simpson, managing director, global currency analysis at
Action Economics in a report.
    The dollar index was little changed on the day at
90.741.
    The euro gained 0.05% to $1.2076. The greenback
fell 0.26% to 109.48 Japanese yen.
    Federal Reserve Governor Christopher Waller on Thursday said
he expects inflation to exceed the Fed's 2% target for the next
two years, but said the Fed would not raise rates until it sees
inflation above target for a long time, or excessively high
inflation.
    Getting people off the sidelines of the economy and into
jobs has become a critical issue in keeping the U.S. recovery on
track, Richmond Fed President Thomas Barkin said Thursday. 
    U.S. Federal Reserve Vice Chair Richard Clarida said on
Wednesday that weak job growth and strong inflation in April had
not changed the central bank's plan to maintain loose monetary
policy.
    While the surge in inflation is large enough that a full
reversal in coming months does not seem likely, a single month
of data is unlikely to prompt an immediate shift in the Fed's
positioning, wrote Alan Ruskin, macro strategist at Deutsche
Bank.
    The Australian dollar, seen as a proxy for risk appetite,
was up 0.02% at $0.7726 versus the U.S. dollar, after its
biggest daily drop since March on Wednesday.
    Bitcoin was lower a day after plunging 17% when
Tesla boss Elon Musk said his company would stop
accepting the digital tokens as payment for its cars.

    It was last down 1.47% at $48,632.
    Bitcoin is still higher than where it was just before Tesla
said on Feb. 8 that it had invested around $1.5 billion in
bitcoin and would accept it for payment in the near future.

    
    ========================================================
    Currency bid prices at 3:10PM (1910 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
                                              Session                                             
 Dollar index                 90.7410        90.7420     +0.01%         0.845%        +90.9090    +90.5870
 Euro/Dollar                  $1.2076        $1.2071     +0.05%         -1.15%        +$1.2106    +$1.2052
 Dollar/Yen                   109.4800       109.7050    -0.26%         +5.94%        +109.7750   +109.4150
 Euro/Yen                     132.21         132.40      -0.14%         +4.17%        +132.7300   +132.0500
 Dollar/Swiss                 0.9062         0.9089      -0.30%         +2.43%        +0.9092     +0.9053
 Sterling/Dollar              $1.4042        $1.4055     -0.06%         +2.81%        +$1.4077    +$1.4008
 Dollar/Canadian              1.2163         1.2135      +0.23%         -4.48%        +1.2202     +1.2104
 Aussie/Dollar                $0.7726        $0.7726     +0.02%         +0.45%        +$0.7746    +$0.7688
 Euro/Swiss                   1.0941         1.0970      -0.26%         +1.24%        +1.0985     +1.0938
 Euro/Sterling                0.8598         0.8588      +0.12%         -3.79%        +0.8617     +0.8585
 NZ                           $0.7183        $0.7161     +0.33%         +0.04%        +$0.7194    +$0.7135
 Dollar/Dollar                                                                                    
 Dollar/Norway                8.3615         8.3430      +0.34%         -2.52%        +8.4195     +8.3335
 Euro/Norway                  10.1010        10.0668     +0.34%         -3.51%        +10.1556    +10.0675
 Dollar/Sweden                8.4066         8.4239      -0.20%         +2.56%        +8.4549     +8.3922
 Euro/Sweden                  10.1519        10.1723     -0.20%         +0.74%        +10.1920    +10.1510
 

    
 (Reporting by Kate Duguid; Additional reporting by Elizabeth
Howcroft in London and Karen Brettell in New York; Editing by
Andrea Ricci and Nick Zieminski)
  
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