PPI m/m comes in at 0.4% against -0.3% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The US Producer Price Index, PPI m/m, was released at 0.4% for September. This figure came in above the consensus expectation of -0.3%. The previous month’s reading was 0%. The actual print represented a 233.3% surprise compared to the consensus forecast.
Following the release, the US Dollar saw varied movements against major currencies. AUDUSD moved -13 pips 15 minutes after the release, which is comparable to its top-quarter historical moves of 13+ pips. EURUSD moved -20 pips, slightly below its top-quarter historical moves of 21+ pips. GBPUSD moved -22 pips, also slightly below its top-quarter historical moves of 23+ pips. NZDUSD moved -11 pips, slightly below its top-quarter historical moves of 12+ pips. USDCAD moved +17 pips, slightly below its top-quarter historical moves of 18+ pips. USDCHF moved +13 pips, below its top-quarter historical moves of 16+ pips. USDJPY moved +6.8 pips, which is small relative to its top-quarter historical moves of 19+ pips. Gold, XAUUSD, moved -215 pips, significantly above its top-quarter historical moves of 54+ pips.