US: Annual PPI declines to 7.4% in November as expected

Annual PPI in the US declined to 7.4% in November as expected.
US Dollar Index gained traction and climbed to the 105.00 area.

Eren Sengezer FXStreet

The Producer Price Index (PPI) for final demand in the US declined to 7.4% on a yearly basis in November from 8.1% in October, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading came in line with the market expectation.

The annual Core PPI edged lower to 6.2% in the same period from 6.7%, compared to analysts' estimate of 6%. On a monthly basis, the Core PPI came in at 0.4%.

Market reaction

The US Dollar gathered strength against its rivals with the initial reaction to the data. As of writing, the US Dollar Index was up 0.2% on the day at 105.02.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

GBP/USD tumbles below 1.3500 on stronger Dollar

EUR/USD faces some consolidation near term

Gold sellers seeking for a fresh 2026 low

ONDO Price Forecast: ONDO’s rally nears $0.40 as network partners with Japan’s SBI Group

Ondo Finance (ONDO) edges higher toward the nearest resistance at $0.40 at the time of writing on Thursday. The rally follows the network’s strategic partnership with Japan’s SBI Group, shrugging off a broader cool-down in the cryptocurrency market. Ondo Finance has announced a strategic partnership with SBI Group, one of Japan’s leading financial conglomerates.

A win for England: First half growth on positive track, keeps pound buoyant

The pound is edging lower on Thursday, after Wednesday’s stunning rally on the back of reports that current home secretary Shabana Mahmood is set to become Chancellor next week. This is easing fears that the hard left of the Labour party will have control at the Treasury. GBP/USD is higher by nearly 1% this week, although it is pulling back from the $1.3550 level this morning.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.