US November PPI +7.4% vs +7.2% y/y expected

• Prior was +8.0%
• PPI +0.3% m/m vs +0.2% expected
• Prior m/m reading was+0.2% (revised to +0.3%)
• Ex-food and energy +6.2% y/y vs +5.9% expected
• Ex-food and energy +0.4% m/m vs +0.2% expected
• Prior ex-food and energy m/m +0.0% (revised to +0.1%)
• Goods +0.1% vs +0.6% prior
• Services +0.4% vs -0.1% prior
• Full report

This has led to a big jump in the US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term with USD/JPY spiking to 136.50 from 135.75. We're seeing similar-sized moves in other dollar trades but note that last month the trade was to fade the PPI spikes.