The US June PPI remained flat, easing Fed's hawkish pressure, while the dollar maintained a volatile trend.

Jin10 Data July 16th News, the U.S. Producer Price Index for June remained flat, alleviating some of the hawkish pressure on the Fed from yesterday’s Consumer Price Index report, leading to fluctuating movements in the dollar. Forecasters will combine these two inflation indicators to estimate the Personal Consumption Expenditures Price Index favored by the Fed—this data is set to be released later this month. Currently, there are only a few preliminary signs that tariffs are putting pressure on the prices of certain goods, while the aforementioned data suggests that PCE may soften. Uncertainty may lead the Fed to maintain its current policy for a longer time, which could provide support for the dollar.

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