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The USD moves lower after the better PPI data. Can the momentum continue?

The USD moves lower after the better PPI data. Can the momentum continue?

The USD has moved lower after the weaker than expected PPI data. Stocks are higher with the Dow futures implying a gain of 375 points or so. The S&P is up about 75 points and the Nasdaq is up about 320 points.

Yields are lower with the 10 year down -8.4 basis points at 3.782%.

In the forex,

  • the EURUSD moved above its 200 day MA at 1.0428, and ran to a high of 1.0480, but has moved back to retest the 200 day MA. Key level today. Close above would be the first since... Read More
Posted: Nov 15 2022, 14:14
Author Name: forexlive
Views: 102181

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