Can PPI influence USD in March?

Can PPI influence USD in March?

What will happen?

The Bureau of Labor Statistics will release the Producer Price Index (PPI) on March 15, at 14:30 MT time. PPI is usually published monthly, about 13 days after the end of the previous month. This index shows changes in the price of finished goods and services sold by producers. PPI is one of the basic indicators of inflation: when producers charge more for goods and services, the higher costs are usually passed on to the consumer.

Possible USD moves

The rising inflation in the US, which is now at 7.5%, is still a hot question for traders.

Over the last year, the PPI growth was relatively high, even though in January 2022 the result was only 0.2%. In February 2022, the release was at 1.0%, greater than the expected 0.5%. That last release provoked a short-time jump of USD by 250 points. Then USD went down with no crucial leaps.

1.png

How to trade on the American PPI Release?

If the actual rate is greater than “Forecast”, it is better for the currency.

Any important US release, especially the PPI, can cause market fluctuations. Even if the release doesn’t bring any surprises, it can cause swings in USD. As a result, the market can bring exciting opportunities.

Check the Economic Calendar

Instruments to trade: EURUSD, USDCAD, USDCHF, GBPUSD.

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

NFP, Oil, and US Stocks Highlight This Week
NFP, Oil, and US Stocks Highlight This Week

Welcome to the first week of October!  As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events. 

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera