Key Data Producer Price Index (PPI) Inflation:
-
PPI Inflation (m/m): -0.6% (previously 0.5%)
-
PPI Inflation (y/y): 0.2% (previously 1.6%)
Key Data Consumer Price Index (CPI) Inflation:
- CPI Inflation (m/m): -0.2% (forecast -0.1%; previously 0.1%)
- CPI Inflation (y/y): 1.6% (forecast 1.7%; previously 1.6%)
Daily Summary: Oil Rebounds, EURUSD Falls Sharply 🗽 Wall Street Stabilizes After Nvidia Sell-Off
Oil Gains Nearly 2% Despite a Sharp Rise in US Inventories 📈
USDJPY Pulls Back After Reaching 160 🚩 Is Tokyo Intervening in the Yen Again?
🚩 Gold loses almost 3%