- The US Producer Price Index (PPI) rose in April at a lower rate than expected.
- The Dollar Index remains in positive territory above 101.50.
The Producer Price Index (PPI) of final demand in the US rose an annual 2.3% in April, below the increase of 2.7% registered in March, data published by the Bureau of Labor Statistics revealed on Thursday. US. This data was below market expectations, which expected 2.4%.
The annual core PPI increased by 3.2% in the same period, compared to the 3.3% expected by the market. In monthly terms, both the headline and core PPI stood at +0.2%.
Market reaction
He Dollar Index (DXY) it has fallen about 15 pips after the data, sliding to the vicinity of 101.60. At time of writing, the greenback is trading above 101.68, gaining 0.24% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
