Forex news for NY trading on March 14, 2017
A snapshot of other markets near the end of the trading day
– Spot gold down anther -$6.00 or -0.51%. The price is back below the $1200 level to $1197.88
US PPI was higher than expectations today. It rose by 0.3% MoM both for the headline and the core (vs +0.1% and +0.2% est). The YoY increase of 2.2% was the highest since March 2012. Although producer prices are not the most followed of inflation measures, they are showing a positive trend and could lead to higher consumer prices down the road (or so the theory goes).