RTTN: Dollar Stable Ahead Of US November PPI, December Empire Manufacturing Reports
(RTTNews) - The Commerce Department is set to release its Producer Price index at 8:30 am ET. The PPI, a measure of wholesale inflation, is expected to have risen 0.8 percent in November after rising 0.3% in October.
The core PPI, which strips out volatile food and energy prices, is expected to climb 0.2% after slipping 0.6% in October.
The Empire Manufacturing index, also due out at 8:30 am ET, is expected to show manufacturing activity in the New York area rose to 25 in December from 23.51 in the previous month.
Halting its recent rally, the US dollar stabilized against its major rivals ahead of the reports. Currently, the greenback is quoted at 1.454 against the euro, 89.6 versus the yen, 1.04 against the Swiss franc and 1.623 per pound.
