- Annual core PPI in US fell more than expected in June.
- US Dollar Index stays in daily range around 96.70.
The Producer Price Index (PPI) in the US for final demand fell from 0.4% in May to -0.2% in June, the data published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI stayed unchanged at -0.8% and missed the market expectation of -0.2%.
Further details of the publication revealed that the annual core PPI, which excludes volatile food and energy prices, dropped to 0.1% and fell short of analysts’ estimate of 0.4%.
Market reaction
The US Dollar Index largely ignored these figures and was last seen posting small daily losses at 96.72.
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