RTTN: Dollar Mixed Ahead Of U.S. PPI, Trade Balance, Jobless Claims Reports
(RTTNews) - The US Department of Commerce will release its trade balance report for November at 8:30 AM ET. Economists estimate that the trade gap widened to $41.0 billion in the month from previous month's deficit of $38.7 billion.
The U.S. Labor Department is scheduled to release its report on the producer price index for December at 8:30 AM ET. Economists expect the headline index to show a 0.8% increase and the core index to show 0.2% growth in the month.
The Labor Department is due to release its customary weekly jobless claims report for the week ended January 8th at 8:30 AM ET. Economists expect a decrease in claims to 402,000 from 409,000 for the previous week.
Ahead of the data, the US dollar showed mixed trading against its major counterparts. While the greenback edged lower against the euro and the yen, it held steady versus the rest of majors.
At present, the dollar is trading at 1.3205 against the euro, 83.0 versus the yen, 0.9705 against the Swiss franc and 1.5797 against the pound.
