U.S. Dollar Climbs After PPI Data
11 Ottobre 2024 - 1:14PM
RTTF2
The U.S. dollar advanced against its most major counterparts in
the New York session on Friday, after producer prices came in
unchanged in September.
Data from the Labor Department showed that the producer price
index came in flat in September after rising by 0.2 percent in
August. Economists had expected producer prices to inch up by 0.1
percent.
The report also said the annual rate of growth by producer
prices slowed to 1.8 percent in September from an upwardly revised
1.9 percent in August.
Economists had expected the annual rate of producer price growth
to dip to 1.6 percent from the 1.7 percent originally reported for
the previous month.
The greenback rose to 1.0925 against the euro, 149.28 against
the yen and 0.8584 against the franc, off its early lows of 1.0953,
148.39 and 0.8559, respectively. The currency is seen finding
resistance around 1.08 against the euro, 150.00 against the yen and
0.89 against the franc.
In contrast, the greenback was down against the pound, at
1.3072. If the greenback falls further, it is likely to test
support around the 1.34 region.
Grafico Cross US Dollar vs Yen (FX:USDJPY)
Da Ott 2024 a Nov 2024
Grafico Cross US Dollar vs Yen (FX:USDJPY)
Da Nov 2023 a Nov 2024
