- The inflation of the producers in the US was unexpectedly softened in March.
- The dollar index remains deeply in negative terrain below 100.00.
The production price index (IPP) for the final demand in the US increased 2.7% in annual terms in March, according to the data published by the US Labor Statistics Office. UU. On Friday. This reading followed the 3.2% increase recorded in February and was below the expectation of the market of 3.3%.
The annual underlying IPP increased 3.3% in the same period, lowering 3.5% in February and improving 3.6% provided by consensus. In monthly terms, the IPP and the underlying IPP fell 0.4% and 0.1%, respectively.
Market reaction
The dollar index remains under strong bearish pressure in the American session on Friday and was last losing 1.2% in the day to 99.65.
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.
