BREAKING: EURUSD ticks slightly up after higher PPI data!

1:32 PM 11 August 2023

US, PPI inflation for July:

  • Headline Annual. Actual: 0.8% YoY. Expected: 0.7% YoY. Previous: 0.1% YoY
  • Core Annual. Actual: 2.4% YoY. Expected: 2.3% YoY. Previous: 2.4% YoY
  • Headline Monthly: 0.3% MoM. Expected: 0.2% MoM. Previous: 0.1% MoM
  • Core Monthly: 0.3% MoM. Expected: 0.2% MoM. Previous: 0.1% MoM

In July, the U.S. Bureau of Labor Statistics reported a 0.3% seasonally adjusted rise in the Producer Price Index for final demand, following unchanged prices in June and a 0.3% decline in May. Over 12 months, the index advanced 0.8%. This increase was influenced by a 0.5% surge in final demand services and a marginal 0.1% rise in final demand goods. Notably, 40% of the boost in final demand services was due to a 7.6% spike in portfolio management prices. The index for final demand services saw its largest uptick since August 2022, while the price of meats within final demand goods jumped by 5.0%. However, prices for diesel fuel dropped significantly by 7.1%.
 

EURUSD, M15, source xStation 5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits