United States producer inflation jumps 6.3% in September vs. 5.3% expected
Producer inflation in the United States (US), as measured by the change in the Producer Price Index, climbed to 6.3% in September from 5.6% in August. This print surpassed the market expectation of 5.3% by a wide margin.
Other details of the publication showed that the PPI rose by 1.3% on a monthly basis, compared to analysts' estimate of 0.5%.
The PPI ex Food & Energy increased by 0.7% and 5% on a monthly and yearly basis, respectively. Both of these prints came in above experts' forecasts.
Market reaction to US producer inflation
The US Dollar (USD) Index gathers recovery momentum following the hot producer inflation prints and erases its daily losses. At the time of press, the USD Index was still down 0.3% on the day at 102.22.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.39% | -0.38% | -0.17% | -0.16% | 0.97% | -0.06% | -0.49% | |
| EUR | 0.39% | 0.00% | 0.16% | 0.19% | 1.38% | 0.31% | -0.11% | |
| GBP | 0.38% | -0.00% | 0.17% | 0.19% | 1.35% | 0.31% | -0.14% | |
| JPY | 0.17% | -0.16% | -0.17% | 0.02% | 1.18% | 0.11% | -0.32% | |
| CAD | 0.16% | -0.19% | -0.19% | -0.02% | 1.14% | 0.11% | -0.34% | |
| AUD | -0.97% | -1.38% | -1.35% | -1.18% | -1.14% | -1.02% | -1.47% | |
| NZD | 0.06% | -0.31% | -0.31% | -0.11% | -0.11% | 1.02% | -0.46% | |
| CHF | 0.49% | 0.11% | 0.14% | 0.32% | 0.34% | 1.47% | 0.46% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
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