Forex News

US producer prices rise 0.2% in September

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U.S. producer prices moved in line with forecasts in September, ahead of the consumer prices figures due on Thursday.

The producer price index (PPI) saw a 0.2 percent increase last month, following a 0.1 percent drop in August. The year-on-year reading showed a deceleration to 2.6 percent from a previous of 2.8 percent.

Core PPI also showed 0.2 percent surge, compared to both prior and excepted readings of -0.1 percent and 0.2 percent.

The dollar index is meanwhile trading higher at 95.42, continuing its sideway movements seen over the past few sessions, as of 12:35 GMT.

Eyes will focus on tomorrow on the consumer prices gauge, which may signal a 0.2 percent advance on the month and a 2.7 percent soar on the year.

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