* Euro gains ahead of ECB meeting, sterling slips before BOE
* U.S. PPI unexpectedly falls in Aug; Fed Beige Book on tap
* EM currencies rebound; Indian rupee tumbles to record low
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates market action, previous LONDON)
By Richard Leong
NEW YORK, Sept 12 (Reuters) - The euro rose on Wednesday in advance of the European Central Bank meeting, putting pressure on the dollar as traders remained worried about the trade friction between the United States and China.
Traders sought to exit some bearish bets on the single currency, which fell earlier on Wednesday on reports that ECB policymakers will trim their growth forecasts at their meeting on Thursday, analysts said.
Also, European Union chief executive Jean-Claude Juncker called for the euro to challenge the dollar as the world's leading currency. shows some confidence in the euro zone and the euro. That may be good for euro bulls in the long run," said Juan Perez, senior currency trader with Tempus Inc in Washington.
The dollar's weakness helped emerging markets recover from their earlier losses with the Indian rupee hitting an all-time low.
At 10:56 a.m. (1456 GMT), the euro was up 0.16 percent at $1.16230 EUR=EBS and was 0.270.24 percent at 0.89290 pound EURGBP=D4 .
The index that tracks the greenback against the euro, yen, sterling and three other currencies .DXY was down-0.37 percent at 94.898.
Earlier Wednesday, the U.S. Labor Department said the producer price index unexpectedly fell 0.1 percent in August, marking its first decline in 1-1/2 years. 2 p.m. (1800 GMT), the Federal Reserve will release its latest Beige Book, a snapshot of regional economic conditions.
Fed policymakers are widely to raise short-term borrowing costs at their upcoming meeting on Sept. 25-26. ========================================================
Currency bid prices at 11:03AM (1503 GMT) Description
RIC
Last
U.S. Close Pct Change
YTD Pct
High Bid
Low Bid
Previous
Change
Session
Euro/Dollar
EUR=
$1.1621
$1.1605
+0.14%
-3.13%
+1.1625
+1.1571 Dollar/Yen
111.2700
111.6200
-0.31%
-1.24%
+111.6400 +111.2200 Euro/Yen
EURJPY=
129.33
129.53
-0.15%
-4.33%
+129.5400 +128.9400 Dollar/Swiss
CHF=
0.9711
0.9720
-0.09%
-0.33%
+0.9749
+0.9702 Sterling/Dollar GBP=
1.3016
1.3033
-0.13%
-3.67%
+1.3047
+1.2981 Dollar/Canadian CAD=
1.3005
1.3065
-0.46%
+3.40%
+1.3078
+1.2998 Australian/Doll AUD=
0.7135
0.7122
+0.18%
-8.54%
+0.7144
+0.7094 ar
Euro/Swiss
EURCHF=
1.1287
1.1282
+0.04%
-3.44%
+1.1304
+1.1269 Euro/Sterling
EURGBP=
0.8926
0.8903
+0.26%
+0.48%
+0.8929
+0.8888 NZ Dollar/Dolar NZD=
0.6535
0.6524
+0.17%
-7.78%
+0.6544
+0.6503 Dollar/Norway
8.2526
8.3182
-0.79%
+0.56%
+8.3471
+8.2504 Euro/Norway
EURNOK=
9.5940
9.6565
-0.65%
-2.59%
+9.6640
+9.5909 Dollar/Sweden
SEK=
8.9886
9.0393
-0.46%
+9.59%
+9.0689
+8.9810 Euro/Sweden
EURSEK=
10.4470
10.4950
-0.46%
+6.18%
+10.5010
+10.4406