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Dollar slips after US PPI rises less than forecast- USD pares initial losses below 157.50
The December US Producer Price index was released a short while ago and despite the markets expecting a higher reading last month, the data has not exceeded those forecasts. The annualised core rate did rise, but only to 3.5%, where the markets were expecting a 3.8% above the prior run rate of 3.4%. The immediate reaction to the data saw the dollar fall. The USD/JPY has traded earlier at 158.13, it fell back below 157.50 on seeing this data. It has now pared that fall, but there us no getting away from the fact; this PPI data has rather undermined the chances of a move further above 158 for the time being. The USD/JPY is right now at 157.65
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The previous update looked at how the Nasdaq 100 was just slightly paring its opening gains and it is the same for the Dow Jones and the S+P 500 too... -
Dollar off the boil as US stocks edge back from opening highs-EUR/USDS back above 1.1125
The previous update looked at how the Nasdaq 100 was just slightly paring its opening gains and it is the same for the Dow Jones and the S+P 500 too... -
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