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US dollar climbs and yields jump after PPI data

A slightly-hot producer price index reading has caused an outsized reaction in the FX and fixed income markets.PPI was at +0.3% m/m compared to +0.2% expected but you wouldn't know it was only a small miss from the market reaction. US 10-year yields have jumped to 4.15% from 4.10% and the dollar is broadly stronger.USD/JPY is having another look at 145.00 with the pair up to 144.82 from 144.50 before the release. These moves are way out of line from where I stand, especially when the PPI reading... Read More

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Posted: Aug 11 2023, 12:58

Author Name: forexlive

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