Producer Prices in the US for the month of June rose 1.8% against expectations of rise of 0.8% with the Core PPI which is excluding the Food & Energy Prices rising by 0.5% against expectations of rise of 0.1%
The yearly figures showed PPI declining by 4.6% against expectations of decline of 5.2% and the Core PPI rising by 3.3% against expectation of rise of 2.9%
Advanced Retail Sales rose 0.6% against expectation of rise of 0.4% and Retail Sales less Auto component rose 0.3% lesser than the expectations of rise of 0.5%
The Dollar is gaining ground over the commodities and the major currencies such as the Euro and the Pound as rise in gasoline prices has led to increased prices by the manufacturers and investors still resorting to saving rather than spending
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