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US producer prices rose from 3.0% to 3.3% year over year in December, below expectations, and core PPI was flat month over month. Treasury yields eased from a one-year peak and the dollar retreated ahead of the CPI release.
Softer US inflation data weakens the dollar, which can support dollar-priced grain and oilseed prices, though the effect is modest.
investing.comXM GroupJan 15, 2025After 47 past bearish report events, US Dollar (Broad) moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
