US EditionDollar drops versus euro and yen, US PPI data in focus
UNITED STATES, JUL 16 – June's Producer Price Index rose 2.3% year-over-year, below forecasts, leading investors to reduce bets on Federal Reserve rate cuts, impacting dollar value against major currencies.
- The US dollar fell against the yen and euro on Wednesday as investors awaited the release of June 2025 US Producer Price Index data later in the day.
- This decline followed prior gains as tariff-driven inflation and rising prices pushed US consumer inflation higher in June, raising questions about future Fed rate moves.
- June's PPI showed no monthly growth in final demand prices and core inflation easing slightly, while service sectors such as transportation continued to decline.
- The greenback declined 0.1% versus the yen to 148.65 and the euro rose 0.20% to $1.1625, while investors trimmed bets on September Fed rate cuts to 54%.
- These data and market moves raised concerns over deflation risks and increased pressure on the Swiss National Bank to consider cutting rates into negative territory amid persistent inflation issues.
12 Articles
12 Articles
Inflation Stats Beat Forecasters’ Expectations, Undermining Tariff Critics.
PULSE POINTSWHAT HAPPENED: Producer Price Index (PPI) data for June showed cooler-than-expected inflation, with headline and core PPI remaining unchanged month-over-month.WHO WAS INVOLVED: U.S. Bureau of Labor Statistics, economists, and market analysts monitoring inflation trends.WHEN & WHERE: June data released in the United States, reflecting national economic trends.IMPACT: Inflationary pressures appear to be easing, with energy prices defla…
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Inflation Report Beats Expectations
Wholesale inflation came in lower than expected for the month of June. Month over month, it held steady despite an estimated .2% increase. Year over Year is at 2.3% despite the 2.5% that was expected. HEADLINE US PPI (Price Producers Index) COMES IN COOLER THAN EXPECTED June PPI (MoM) 0.0% vs 0.2% est June PPI (YoY) 2.3% vs 2.5% est Here come the “POWELL NEEDSE TO CUT” Trump truth social posts… pic.twitter.com/rT2tmBjT0M — Samsolid (@samsolid57…
Dollar drops versus euro and yen, US PPI data in focus
The dollar fell versus the euro and yen on Wednesday after hitting multi-week highs the day before, as U.S. data pointed to tariff-driven inflation prompting investors to slightly scale back their bets on Federal Reserve rate cuts.Rising prices on goods as varied as coffee, audio equipment and home furnishing
Softer PPI data underpins XAG/USD, bullish momentum persists
Silver (XAG/USD) holds steady near $37.80 on Wednesday, recovering modestly from a mild pullback earlier in the week. The headline PPI came in flat for June, while Core PPI also missed expectations. Core PPI also disappointed, printing at 0.0% MoM and 2.6% YoY, both below market estimates. Silver (XAG/USD) is holding firm near the $38.00 level on Wednesday, drawing support after US Producer Price Index (PPI) data for June came in softer than exp…
Crypto Market Extends Gains As U.S. PPI Inflation Drops To 2.3%
The crypto market is up today and looks set to rally higher on the back of the US PPI inflation data release. The data showed that inflation has dropped, lower than expectations, a development which supports a Fed rate cut and is positive for Bitcoin and other cryptocurrencies. Crypto Market In Focus As U.S. PPI The post Crypto Market Extends Gains As U.S. PPI Inflation Drops To 2.3% appeared first on CoinGape.
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