It's August PPI data up next from the US of A
At the bottom of the hour we get PPI data from the States. Following yesterday's import/export data we should probably be looking out for soft numbers today
PPI final demand is expected in at -0.1% vs +0.2% prior m/m and -0.9% vs -0.9% prior y/y
The core number (ex-food & energy) is expected in at 0.7% vs 0.6% prior y/y
That core number might be the one that takes a hit more than the others, though we should expect them all to be softer
The dollar suffered on the data yesterday so more of the same is likely on a decent miss today. Then again, the market might be expecting it after yesterday so anything lower, but not too far from expectations, might mean a muted reaction. If it comes in higher by a great degree we may just see the dollar have a wander back towards 121.00
