Producer inflation in the United States (US) as measured by the change in the Producer Price Index (PPI), climbed to its highest level since November 2022 at 6.5% in May, from 5.7% in April, the US Bureau of Labor Statistics reported on Thursday.
TD Securities’ Prashant Newnaha and Howard Du note the Australian Dollar (AUD) has delivered its strongest year-to-date performance in 15 years but now sees constrained upside.
The Governor of Iran's Sirik county, an administrative division in Iran's Hormozgan province, announces during the European trading session on Thursday that the United States (US) projectile hit a cargo boat in the Gulf of Oman, Mehr News reported.