... (PPI), covering the output and input manufacturing prices and prices of seven services - banking, securities transaction, insurance, management of pension funds, railways, air passengers and telecom.
Bitcoin was designed as a hedge against inflation, but every hot inflation report in the past year has knocked its price lower, and Thursday's data was no different. The ProducerPrice Index rose 1.1% in May, lifting the annual... .
The AustralianDollar edged lower against its US counterpart on Tuesday, slipping below the 0.7050 mark as stronger-than-expected US Producer Price Index (PPI) data reinforced the greenback’s recent rally ... US PPI Surprise Strengthens Dollar.
Hot US PPIData Reinforces Fed Hawkish Stance... How does a hot PPI report impact the dollar?. A higher-than-expected Producer Price Index (PPI) signals rising wholesale inflation, which can lead to higher consumer prices.
US PPIData Surprises to the Upside. The USBureau of Labor Statistics reported that the headline PPI rose 0.4% month-over-month in January, exceeding the consensus estimate of 0.2% ... Why did the Japanese Yen weaken after the US PPI report?.
The New Zealand Dollar extended its losses against the US Dollar on Thursday, slipping below the 0.5850 mark after a hotter-than-expected US Producer Price Index (PPI) report bolstered the greenback ... US PPI Data Surprises to the Upside.