- Prior 0.3%
- Wages 0.6% vs 0.3% prior
- Benefits 1.0% vs 0.4% prior
Costs up to the highest in 5 1/2 years. Twinned with the stables jobless claims it’s given the inflation bugs the green light and they’ve run the dollar up.
USD/JPY trades a pip over 103 and the euro and cable lose ground. GBP/USD hits 1.6860 and EUR/USD 1.3372
US employment cost index Q2 2014 31 07 2014
