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EUR/USD Retreats as US Dollar Rebounds on July PPI Inflation Surge
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The producer price index rose in July by 3.3% over a year. The post The US dollar benefits from an inflation that accelerates on the producer side appeared first on Les Affaires.
The US dollar increased somewhat on Thursday afternoon. A surprisingly clear rise in producer prices in the US has dampened the hope of a fall in US interest rates in September. That supports the "greenback".
The US dollar is strengthening against the euro and other major currencies today. Data on the development of producer prices in the United States in July signaled an increase in inflation, which could limit the scope for reducing interest rates. The single European currency lost more than half a percent against the dollar shortly after 18:00 our time and was moving near $ 1.1640. The US Department of Labor announced today that producer prices in…
The dollar rebounded strongly in the markets on Thursday after it became known that both the general producer price index (PPI) and its underlying measurement in the United States rose more than expected in July. See more: Nubank publishes its results today: what Wall Street expects from the reportThe market reaction was reflected in a widespread depreciation of the G-10 currencies against the green banknote, in a context where wholesale inflati…
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