- Annual core PPI rose more than expected in August.
- US Dollar Index stays near its daily highs above 98.50.
According to the data published by the US Bureau of Labor Statistics, the core Producer Price Index, which strips food and energy prices, rose 2.3% in August following July's 2.1% reading and came in above the market expectation of 2.2%. On a monthly basis, the core PPI increased 0.3%.
The PPI, on the other hand, rose 0.1% and 1.8% on a monthly and yearly basis, respectively.
The market reaction to the data was relatively muted and the US Dollar Index stays in the upper half of its daily range, adding 0.3% at 98.62.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.