{"id":41110,"date":"2022-11-16T09:32:31","date_gmt":"2022-11-16T07:32:31","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=41110"},"modified":"2025-10-13T13:20:20","modified_gmt":"2025-10-13T10:20:20","slug":"daily-key-points-usd-edged-lower-on-weak-ppi-rates","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/vi\/daily-key-points-usd-edged-lower-on-weak-ppi-rates\/","title":{"rendered":"Daily Key points: USD edged lower on weak PPI rates"},"content":{"rendered":"

The USD edged lower yesterday after the release of the US PPI rates for October, slowed down more than expected, intensifying market expectations that inflationary pressures in the US economy have peaked and are slowing down. Hence the release also tended to solidify the markets\u2019 expectations for the rate hiking path of the Fed to ease, while such expectations were further enhanced by Philadelphia Fed President Harker\u2019s comment that the Fed may start considering pausing the rate hikes. On the other hand, we have to note that Atlanta Fed President Bostic stated in an essay that he does not see the Fed\u2019s tighter monetary policy having dented inflation and foreshadowed more rate hikes to come. Yet we must note that the greenback got some safe haven inflows yesterday as a Russian made missile reportedly hit Poland, killing two persons. The fact that such a missile would hit the soil of a NATO member state and its possible consequences tended to intensify the market\u2019s uncertainty and sense of urgency, yet we note comments made both by Polish and US officials, including President Biden, which downplayed the significance of the incident, thus we expect a calming of the markets.<\/p>\n\n\n\n

\n