South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
Check American economic calendar
The US will release producer inflation figures at 15:30 MT time on September 12. PPI is an important indicator that measures the average change in selling prices received by domestic producers of goods and services over time. In July, this index was flat from a month earlier. Core PPI, which excludes the volatile food and energy categories, was up 0.1% in July from the prior month.
Traders always track the dynamics of the US PPI and use its release as an opportunity to trade on the news.
• If PPI growth is higher than expected, the USD will rise.
• If PPI growth is lower than expected, the USD will fall.
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Latest news
South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
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