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On Tuesday, a softer-than-expected rise in US producer prices in July, up 0.1% against estimates of 0.2% eased dollar. The Dollar Index dipped 0.51%, closed at 102.6 against other major currencies. The higher goods costs offset by more affordable services, signaling a continued moderation in inflation. This led to a rally in Treasuries, driving tiled down in response to the PPI report.
(US Dollar Index Daily chart)
The modest 0.1% month-on-month rise in the final demand PPI, along with the unchanged core PPI for July, may not be as positive as it seems at first glance. Nevertheless, it remains consistent with the Fed’s preferred core PCE price index, indicating an annualized increase at a pace below 2%.
(US PPI m/m data)
More importantly, the consumer price index report on Wednesday will serve as a pivotal indicator, guiding the Federal Reserve’s decisions on interest-rate policy. The data will provide crucial insights into whether inflationary pressures are persisting or subsiding, influencing the trajectory of future rate adjustments.
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Ticarete BaşlaHareket halindeyken piyasayı izleme imkanı
Piyasalar arz ve talepteki değişimlere duyarlıdır
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Derin ve çeşitli likidite ile gizli ücretler yok
Dealing desk yok ve yeniden fiyatlandırma yok
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