U.S. producer prices
- Core Producer Price Index (PPI) (m/m) (November), fact of 0.3%, forecast 0.1%.
- Producer Price Index (PPI) (m/m) (November), fact 0.1%, forecast 0.1%.
The data on producer prices in the US for November were restrained positive, showing a slight increase on a monthly basis, which against the background of the upcoming inflation report in the United States can be regarded as a very positive signal.
Fig. 1. U.S. core index of producer prices chart
The American currency very restrained play for the publication of these statistics, remaining under the pressure of correction after the growth and strengthening of stock indexes in Europe. The US dollar index remains in the correction phase and is limited by the resistance level of 97.10-20.
Fig. 2. The US dollar index chart. The current price is 97.00 (10-year government bonds yield is the blue line)
Read also: “Japanese yen (JPY) – Features of trading on the crosses”
Andre Green
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