Why the US dollar climb after PPI was quickly erased | Forexlive

Category: Finance

The US producer price index rose 2.6% y/y in the largest annual rise since March 2023, initially lifting the US dollar. However, the gains were driven by services while the index for final demand goods decreased 0.5%. The BLS reported on various aspects including Fed cut pricing and stock futures.

Keywords: US producer price index, services, Fed cut pricing, stock futures, US dollar

Source: Forexlive

Update At: 7/12/2024

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