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U.S. producer prices rise strongly, point to firming inflation (news: 12/12/17)

Today's press

  • WASHINGTON (Reuters) - U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years.

  • NEW YORK (Reuters) - The U.S. dollar rose to three-week highs against a basket of currencies on Tuesday as the Federal Reserve begins a two-day policy meeting where it is widely expected to raise interest rates for the fifth time since 2015.

  • Inflation came in higher than expected in November, hitting its highest point in nearly six years and forcing the Bank of England governor, Mark Carney, to send a letter to the Chancellor to explain the reading.

Next trading day's important events

Forex quotes:

  • USDJPY: 113.65
  • EURUSD: 1.1737

Indices:

  • S&P 500: 2663.13
  • NASDAQ: 6870.53

 


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