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Forexlive Americas FX news wrap: PPI rattles the bond market

US July PPI +0.8% y/y vs +0.7% expectedUS August prelim UMich consumer sentiment 71.2 vs 71.0 expectedUS judge revokes Sam Bankman-Fried's bailBaker Hughes week US oil rig count unchangedMarkets:Gold flat at $1912US 10-year yields up 8.8 bps to 4.17%WTI crude oil up 35-cents to $83.17S&P 500 flatGBP leads, NZD lagsThe final changes on the day and the headlines don't capture what was a lively August Friday. The PPI numbers hit and were slightly stronger than expected. Normally that wouldn't cause... Read More

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Posted: Aug 11 2023, 19:39

Author Name: forexlive

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