The dollar fell sharply as U.S. retail sales dropped 0.9% (vs. expected 0.1%), reinforcing Fed rate cut expectations despite CPI and PPI exceeding forecasts.
The U.S. Bureau of Labor Statistics reported that the Producer Price Index (PPI) for final demand increased by 0.4% in January, following a 0.5% rise in December 2024 and a 0.2% increase in November.
Kindly note that trading hours for specific instruments will be modified on 17 February 2025 in observance of President’s Day in the USA.