News: FOREX-Euro slips as Draghi highlights risks, U.S. CPI helps dollar

• ECB's Draghi points to weak regional data, risks from trade
• U.S. CPI posts biggest increase in 14 months
• Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

(Updates market action, changes byline, dateline, previous LONDON)

The euro fell on Wednesday as European Central Bank President Mario Draghi underscored the risks facing the euro zone economy, reinforcing bets on possible further stimulus to prevent the region from slipping into recession.

The dollar enjoyed a respite from recent selling as government data showed the biggest one-month jump in U.S. consumer prices in 14 months in March.

"The essence of Draghi's message is 'We are willing to look at all options, but we are not there yet'," said Boris Schlossberg, managing director of BK Asset Management in New York.

"Incoming data continue to be weak, especially for the manufacturing sector ... The slower growth momentum is expected to extend into the current year," Draghi said at a press conference after a meeting where policy-makers left their easy policy unchanged.

He also cited the risks from trade disputes to regional business activity after U.S. President Donald Trump threatened to impose tariffs on $11 billion worth of European Union goods.

At 11:06 a.m. (1506 GMT), the euro was 0.08% lower at $1.1253 EUR= and was down 0.27% at 124.855 yen EURJPY= .

The greenback, which was mainly lifted by the pullback in the euro, was also bolstered by the latest reading of the U.S. consumer price index.

The U.S. government's broadest inflation gauge rose 0.4% in March, the biggest monthly increase since January 2018, while the CPI core rate, which excludes volatile food and energy prices, edged up 0.1%, falling short of the 0.2% gain forecast by analysts polled by Reuters.

The somewhat mixed CPI report soothed worries about price growth fading, but did not dispel the view the Federal Reserve may lower key U.S. interest rates by early 2020, analysts said.

An index that tracks the greenback against a basket of currency .DXY was up 0.04% at 97.043.

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	Currency bid prices at 11:05AM (1505 GMT) 

 Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	 High Bid	Low Bid 
											  Previous				   Change				  
											  Session											
 Euro/Dollar	  EUR=		$1.1252		$1.1261	 -0.08%		 +0.00%	  +1.1286	 +1.1230 
 Dollar/Yen	   JPY=		110.9400	   111.1200	-0.16%		 +0.00%	  +111.2700   +110.9300 
 Euro/Yen		 EURJPY=	 124.83		 125.15	  -0.26%		 +0.00%	  +125.4400   +124.7900 
 Dollar/Swiss	 CHF=		1.0023		 0.9997	  +0.26%		 +0.00%	  +1.0033	 +0.9993 
 Sterling/Dollar  GBP=		1.3084		 1.3060	  +0.18%		 +0.00%	  +1.3104	 +1.3045 
 Dollar/Canadian  CAD=		1.3326		 1.3328	  -0.02%		 +0.00%	  +1.3362	 +1.3318 
 Australian/Doll  AUD=		0.7143		 0.7122	  +0.29%		 +0.00%	  +0.7157	 +0.7110 
 ar																							  

 Euro/Swiss	   EURCHF=	 1.1277		 1.1262	  +0.13%		 +0.00%	  +1.1284	 +1.1255 
 Euro/Sterling	EURGBP=	 0.8600		 0.8626	  -0.30%		 +0.00%	  +0.8638	 +0.8592 
 NZ			   NZD=		0.6745		 0.6743	  +0.03%		 +0.00%	  +0.6763	 +0.6739 
 Dollar/Dollar																				   

 Dollar/Norway	NOK=		8.5132		 8.5572	  -0.51%		 +0.00%	  +8.5680	 +8.5000 
 Euro/Norway	  EURNOK=	 9.5783		 9.6350	  -0.59%		 +0.00%	  +9.6482	 +9.5770 
 Dollar/Sweden	SEK=		9.2793		 9.2576	  +0.16%		 +0.00%	  +9.2923	 +9.2342 
 Euro/Sweden	  EURSEK=	 10.4429		10.4260	 +0.16%		 +0.00%	  +10.4483	+10.4060 
	
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REER valuations	http//tmsnrt.rs/2D48yAs 

World FX rates in 2019 http://tmsnrt.rs/2egbfVh

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