Cheaper oil curbed US producer inflation while jobless claims went up

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Source: Reuters
US producer prices showed their biggest drop within the last three years in December due to a strong decline in energy costs, highlighting the existing deflationary pressures. Producer price index decreased 0.3% compared with a drop of 0.2% in November. Consumer inflation is due to be released today. The price level is expected to keep declining at the same rate as before, namely by 0.3%.
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Fri, 16 Jan 2015 10:17:13 GMT

Oil undergoes bullish correction

Oil prices managed to advance during the recent Asian trading. However, because of the oversupply the long-term perspectives for oil remain bearish. Brent crude traded at $48.47 per barrel, showing an increase of 20 cents, while US crude was up 30 cents to trade at $46.55 a barrel.

Thu, 15 Jan 2015 17:18:30 GMT

Dollar close to 12-year high despite mixed US Data

Mixed US economic reports could not do much to weaken economic recovery, thus having the US Dollar remain close to the 12-year peak versus other major currencies.The US currency somewhat rebounded after a sharp fall on Wednesday amid report on poor retail sales for 2014. The US Dollar index slid only 0.22% to 92.10, not far from the 12-year high

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