Dollar Weakens as U.S. October PPI Comes in Below Expectations
The dollar weakened slightly against a basket of currencies after October PPI was 0.3%, versus 0.4% consensus and 1.4% in September.
The dollar weakens slightly against a basket of currencies as the U.S. October Producer Price Index comes in lower than expected. PPI was 0.3%, versus WSJ consensus of 0.4% and lower than September's 1.4%. The reading eases inflation fears that have boosted expectations of fast interest rate increa…