German PPI Falls To The Lowest Level Since 2002
German PPI Falls To The Lowest Level Since 2002
Release Explanation: The Producer Price Index (PPI) measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. This includes the rate of inflation at the factory gate. ‘When manufacturers pay more for goods and services, they are likely […]
Euro Falls, Awaiting ECB Clarification
Euro Falls, Awaiting ECB Clarification
The dollar and yen rose against most other key currencies on Friday. US April consumer sentiment rose more than expected, in another sign the US recession is abating. The Dow was up 5.90 points to 8,131.33. The USD/JPY fell slightly, still above the 0.99 support. Sterling declined for a second day […]
Sterling Hits $1.50 but Falls Back Slightly on Fluttering Equities
Sterling Hits $1.50 but Falls Back Slightly on Fluttering Equities
Sterling pared most gains against the dollar after briefly hitting a two-month high on Wednesday, as a rise in UK share prices petered out. With little fresh news, currency markets have been looking at equities for market direction. London’s FTSE index was flat by late morning […]