Home Featured News U.S Dollar Slides On Negative PPI For August!

U.S Dollar Slides On Negative PPI For August!

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The U.S producer price inflation rose 0.2% in August, from -0.1% a month earlier, missing forecast of 0.3% in the last month.

This development is likely to put the U.S dollar under pressure, but I think it will be limited loses, anyway;  EURUSD remains supported around 1.1968 levels in the short term forecast.

GBPUSD, still bullish above 1.3227 levels. USDJPY sees a buying opportunity above 109.23 levels.

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