Tag Archives: DXY
Producer Inflation Accelerated Again, highlighted ‘Last Mile’ Challenge for Federal Reserve
In February 2024, the United States observed a month-over-month escalation in the Final Demand Producer Price Index (PPI) by 0.6%, indicating the largest growth since the previous August, exceeding the 0.3% advance anticipated by the market. A significant rise of 1.2% was seen in the prices of goods, driven largely by a boost of 4.4% […]
Soft Dollar Buoyed Precious Metals and Commodities Markets
The dollar index continued its downward trajectory, dipping below 104, as a stream of disappointing economic figures out of the US and comments from certain central bank officials impacted investors. The US manufacturing industry, as revealed by the latest PMI survey from the ISM, has been shrinking for the 16th month in a row in […]
