The data from wholesale inflation showed a rise higher than expected by analysts in September. He Producer Price Index (PPI) it rose 0.4% in September, beating the market consensus of a 0.2% increase and higher than the 0.3% increase in August. The annual rate rebounded from -0.2% to 0.4%, reaching the highest level since February.
He underlying index it also increased 0.4%, more than the average expectation of analysts of a rise of 0.2%. Compared to twelve months ago, the underlying PPI rose 1.2%, higher than the 0.6% in August and the 0.9% of the market consensus.
He dollar it fell back after the data but not because of wholesale inflation that should have boosted the currency. Looking ahead to the next few hours, the event to be highlighted on Wall Street will be the continuation of the presentation of corporate results and the speeches of officials of the Federal Reserve.
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Credits: Forex Street
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