Continued Dollar Buying Trend: Focus on US Producer Price Index (PPI)
Continued Dollar Buying Trend: Focus on US Producer Price Index (PPI) This week, the trend of dollar buying has strengthened. The cautious stance on rate cuts from the recent US FOMC meeting, along with stronger-than-expected US employment data, has diminished expectations for significant rate cuts in November. Yesterday’s US CPI also slightly exceeded market expectations, […]
Today’s Focus: US PPI and Powell’s Speech, Potential for Further USD/JPY Rise
Today, attention is focused on materials from the United States. While the US Consumer Price Index (CPI) to be released tomorrow is the most anticipated economic statistic, the US Producer Price Index (PPI) will be released today as a prelude. The market expects the year-on-year PPI to rise slightly to +2.2% from the previous +2.1%. […]