Core PPI m/m comes in at 0.2% against 0.6% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Core PPI m/m for the United States was released at 0.2%, falling short of the consensus estimate of 0.6%. This figure matched the previous month’s reading of 0.2%. The actual print represented a -66.7% surprise compared to the market’s expectations.
Following the release, the US Dollar showed a mixed reaction against major currencies over the first 15 minutes. AUDUSD moved -13 pips, EURUSD -20 pips, GBPUSD -22 pips, and NZDUSD -11 pips. USDCAD gained +17 pips, USDCHF rose +13 pips, and USDJPY advanced +6.8 pips. Gold, XAUUSD, declined by -215 pips. Compared to historical data, the 15-minute moves in AUDUSD, EURUSD, GBPUSD, and NZDUSD were near or exceeded their typical top-quarter 1-hour moves of 13+ pips, 21+ pips, 23+ pips, and 12+ pips respectively. USDCAD’s move of +17 pips was close to its top-quarter 1-hour move of 18+ pips. USDCHF’s move of +13 pips was below its top-quarter 1-hour move of 16+ pips. USDJPY’s move of +6.8 pips was below its top-quarter 1-hour move of 19+ pips. XAUUSD’s move of -215 pips significantly exceeded its typical top-quarter 1-hour move of 54+ pips.