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Dollar Advances As Strong U.S. PPI Data Raises Fed Rate Hike Concerns
The U.S. dollar rebounded against its major opponents in the European session on Friday, as the nation’s producer inflation rose more than expected in November, raising concerns about the Federal Reserve’s outlook for interest rates. Data from the Labor Department showed that the producer price index for final demand rose by 0.3 percent in November, […] The post Dollar Advances As Strong U.S. PPI Data Raises Fed Rate Hike Concerns appeared first on ForexTV...
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Posted: Dec 9 2022, 19:44
Author Name: forextv
Views: 111620