Promising PPI Number: Could It Last More Than A Month?
b'The Producer Price Index or PPI number was what bullish investors wanted to see. "This is a follow through from the Consumer Price Index or CPI from last week. This shows that sentiment is flowing through the entire economy. I am still cautious as this is only one month of positive data. The U.S. Dollar price might have gotten ahead of itself over the last month. Weakness has to do with other global currencies catching up," says Scott Bauer.'