Producer inflation in the US declined at a softer pace than expected in January.
US Dollar Index climbed above 104.50 with the immediate reaction.
The Producer Price Index (PPI) for final demand in the US rose 0.9% on a yearly basis in January, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 1% increase recorded in December but came in above the market expectation of 0.6%.
The annual Core PPI rose 2% in the same period, compared to December's increase of 1.8%. On a monthly basis, the Core PPI was up 0.5% following the 0.1% decline recorded in the previous month.
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