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US July PPI +0.8% y/y vs +0.7% expected
Prior was +0.1% y/y (revised to +0.2%)PPI final demand m/m +% vs +0.2% y/y expectedPrior was +0.1% m/m (revised to 0.0%)Ex food and energy:+2.4% y/y vs +2.3% expected (prior +2.4%)+0.3% m/m vs +0.2% expected (prior +0.1% revised to -0.1%)More details:Goods +0.1% m/mServices +0.5% m/mFoods +0.5% m/mThere is some selling in bonds on these headlines and a rise in USD/JPY. US 10-year yields are up 3 bps to 4.13% since the release while USD/JPY rose around 20 pips.That's an outsized reaction but high...
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Posted: Aug 11 2023, 12:30
Author Name: forexlive
Views: 022245
