« Linear Tech fiscal third-quarter profit grows to 44 cents
National Oilwell Varco replacing Rockwell on S&P 100 »

Dollar helped by better PPI news; S&P500 up by 0.5%

The US dollar gained against the Euro higher on better than expected PPI figures yesterday. The PPI rose by 1.1% versus an expected +0.6% and +0.3% previous. The Empire Manufacturing Index came out better at 0.63 versus -22.33 previous and much better than -17 expected. These data figures are firmer than expected and point to a lower chance of an immediate US recession. Time will only tell…

Original post by James Brandt

This entry was posted on Tuesday, April 15th, 2008 at 6:00 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply