Breaking: US annual PPI inflaion declines to 2.2% in May
Source Fxstreet
The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in May, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.3% increase recorded in April (revised from 2.2%) and came in below the market expectation of 2.5%.
Developing story, please refresh the page for updates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has underperformed, pushing USD/JPY back above 156.00.
Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000Altcoins, including Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP), are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.
Altcoins, including Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP), are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.
Gold price (XAU/USD) jumps to around $5,230 during the early Asian session on Tuesday. The rally of the precious metal is bolstered by heightened geopolitical tensions and global trade uncertainty following US tariff decisions.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.70 during the early European trading hours on Monday. The WTI price declines as the United States (US)-Iran talks are set to resume later this week.
Top 3 Price Prediction: BTC breakdown hints at deeper correction as ETH and XRP extend lossesBitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices are extending losses on Monday after falling slightly the previous week. BTC is slipping below the lower consolidation range at $65,000, and ETH is falling below $1,900, both extending their six-week losing streaks.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices are extending losses on Monday after falling slightly the previous week. BTC is slipping below the lower consolidation range at $65,000, and ETH is falling below $1,900, both extending their six-week losing streaks.
