US producer price inflation causes Dollar surge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Despite the US Consumer Price Index not impacting the markets on Tuesday, there is still inflation at the producer level. Namely, the publication of the US Producer Price Index has revealed that inflation in the US is persistent. The Fed cannot cut interest rate, if prices continue to rise. Due to this reason the US Dollar index surged.
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