February 16, 2023

Global Grains Outlook: Weather, War, and Waning Demand to Impact Trade, says Beroe Inc

Reuters

FOREX-Dollar rallies as strong U.S. data reinforces higher rates stance

The U.S. currency also hit a new six-week high against the yen, euro, and Australian dollar in the wake of economic reports. The U.S. producer price index bounced to 0.7%, higher than both the consensus forecast of 0.4% and the December number, which showed a drop of 0.2%. U.S. jobless claims data also showed a resilient labor market, with claims of 194,000, compared with expectations of 200,000, according to a Reuters poll.

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