Monday, January 16, 2017

Dollar Corrects into Trump Inauguration? by Saktiandi Supaat





Dollar Corrects into Trump Inauguration?
by Saktiandi Supaat


FX Research





The DXY index saw a brief spike after the US releases PPI and retail sales. PPI final demand slowed to 0.3%m/m in Dec from previous 0.4%. Ex-food and energy, the measure slowed less than expected to 0.2%m/m vs. the consensus, 0.1%. Dec advance retail sales rose 0.6%m/m from previous 0.2%. The ex-auto and gas measured was flat compared to the previous 0.3%m/m. The DXY index saw a brief spike before settling back to the lower end of the 101.00-101.50 –range ...

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