The USD moves higher after the higher than expected PPI for the headline

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The USD moves higher after the higher than expected PPI for the headline

<p>The USD has moved a bit higher after the higher than expected headline numbers for the PPI. The MoM moved up 0.4% vs 0.2% and 8.5% vs 8.4% est. The core was as expected at 0.3% MoM but a bit lower at 7.2% vs 7.3% estimate. </p><p> US stocks are giving up gains seen in pre-market trading. The Dow is up 45 points. The S&P is up 8.9 points, while the Nasdaq is up around 40 points.  They were higher before the release.  </p><ul><li>The EURUSD is trading down to 0.9692 currently (was at 0.9704 before the release).</li><li>The GBPUSD is trading at 1.1031 down from 1.1050.</li><li>The USDJPY is up at 146.74 up from 146.61 just befor the release. </li></ul>

                This article was written by Greg Michalowski at forexlive.com.

Source: The USD moves higher after the higher than expected PPI for the headline

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