01:30 PM BST, United States - Inflation Data for July:
- Core PPI: actual 2.4% YoY; forecast 2.7% YoY; previous 3.0% YoY;
- Core PPI: actual 0.0% MoM; forecast 0.2% MoM; previous 0.3% MoM;
- PPI: actual 0.1% MoM; forecast 0.2% MoM; previous 0.2% MoM;
- PPI: actual 2.2% YoY; forecast 2.3% YoY; previous 2.7% YoY;
- PPI ex. Food/Energy/Transport: actual 3.3% YoY; previous 3.2% YoY;
- PPI ex. Food/Energy/Transport: actual 0.3% MoM; previous 0.1% MoM;
The lower data, especially the drop in core PPI is met with optimistic reaction of the markets. After the report release, US dollar depreciates with EURUSD rise, a slight increase of US500, US100 and in the cryptocurrency market.
Source: xStation 5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
Pick of the week: Can Brent crude stay below $100 per barrel?
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
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