US producer prices rise 5.4% annually, slightly above forecasts
US August PPI came in at 5.4% annually, slightly above the 5.3% forecast, with dollar strengthening on the data.
US August PPI came in at 5.4% annually, slightly above the 5.3% forecast, with dollar strengthening on the data.
The dollar strengthened against major currencies as Treasury yields rose ahead of the US PPI report and ECB decision. Markets also monitored geopolitical…
Rising oil prices above $100 push bond yields higher as inflation concerns persist, with central banks facing increasing pressure.
Markets see high odds the ECB, Bank of Japan and Federal Reserve all raise rates this month, with the Fed's decision hinging on Friday's CPI report.
EUR/USD has erased most losses from Warsh's hawkish speech ahead of the ECB rate decision, with the US CPI also in focus.
Gold held near $4,400 as traders awaited US inflation data that could clarify the Fed's rate path.
The 10-year Treasury yield climbed above 4.8%, stocks fell a third day, oil topped $100, and the $6B buyback failed to calm markets.
Bitcoin's daily chart shows a golden cross, but weekly moving averages suggest confirmation is still pending.
The US Treasury's $6 billion bond buyback, triple its usual size, failed to lower yields as the market sold off. Critics called the plan a bluff.
The Indian rupee unwound gains from RBI intervention, with traders eyeing US CPI and oil prices.
The Nasdaq is consolidating at key resistance as traders await the US CPI report for direction.
Ethereum remains rangebound between $2,360 and $2,560 as traders await US CPI data. A breakout could target either $2,100 or $3,400.
UBS says gold's recent weakness reflects Fed rate expectations, while central bank buying and fiscal concerns support the metal's long-term case.
Gold falls on Middle East escalation as inflation and Fed rate hike fears override safe-haven demand.
The US dollar ended mixed, Treasury yields rose, and stocks fell as traders awaited inflation data. Oil rebounded on Middle East tensions, while gold dropped.