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USA: Producer prices rise 0.5% monthly in April compared to 0.3% expected

He United States Producer Price Index (PPI) has risen 0.5% monthly in April after falling 0.1% in March, as published by the Bureau of Labor Statistics. The increase exceeds market expectations, which expected an increase of 0.3%.

He Year-on-year PPI has grown by 2.2%in line with expectations, while the March figure has been revised downwards, going to 1.8% from the 2.1% published a month ago.

Core producer prices (excluding food and energy) have risen 0.5% monthly after falling 0.1% the previous month. The increase exceeds forecasts of 0.2%. The annual indicator has maintained its growth at 2.4%, as expected.

dollar reaction

The Dollar Index (DXY) has initially risen on the release to 105.48, its highest level in three days. The momentum has not continued, and the index is now moving around 105.17, losing 0.05% on the day.

Source: Fx Street

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