US PPI MoM for Aug -0.1% vs. 0.2% expected. YoY 2.8% vs. 3.2% expected

Highlights of US PPI for the month of August

The US PPI was weaker than expectations at -0.1% vs +0.2% for final demand reading.

• final demand -0.1% versus +0.2%
• final demand YoY 2.8% versus 3.2% expected
• Ex food and energy -0.1% versus +0.2%
• Ex food and energy YoY 2.3% versus 2.7% expected
• Ex food and energy, and trade +0.1% versus +0.2% expected
• Ex food and energy and trade YoY 2.9% versus 2.8% last month
• US August PPI final demands for goods came in at 0.0% MoM. Good ex food and energy 0.0%. Final demand construction +0.1%

The PPI data is weaker than expected and the USD has seen some selling on the back of the figures.

The USDJPY has moved from 111.48 to a new session low of 111.38.

The EURUSD moved from 1.1581 to a high of 1.1593