Analysis: Potential Reasons Behind Limited Downside Momentum of the USD Despite Strong PPI Numbers
Friday, 12 July 2024, 13:00
USD Weakens After PPI Report
The US dollar faces selling pressure post-robust PPI data but with limited downside momentum.
Constrained Selling Pressure
Despite a recent decline post-CPI, the greenback lacks significant bearish traction.
Unexpected Market Movements
The lack of major selloff can be attributed to unexpected stock market retreats.
Potential Stabilization Ahead
With futures hinting at a flat opening, USD could see temporary stabilization if risk market activity remains low.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.