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Powell will send another dovish signal, and PPI that exceeds expectations will not save the US dollar
Original title: Powell will release another dovish signal, and PPI that exceeds expectations won't save the dollar. The dollar index fell sharply on Wednesday (July 14). Although the US PPI greatly exceeded expectations in June, Powell's moderate remarks and declining US bond yields weakened the dollar. According to data released by the US Bureau of Labor Statistics on Wednesday, the US Final Demand Producer Price Index (PPI) rose 7.3% year on year in June, up from 6.6% in May. This figure far exceeded market expectations of 6.8%. PPI rose from 0.8% month-on-month to 1%. Further details of the report indicate that the core
匯通網Jul 14, 2021 22:00