That was an upside surprise in the headline PPI index. That's going to keep the Federal Reserve on track in raising interest rates at an incremental pace,
More Quotes from Alex Beuzelin:
Traders are marking time ahead of the G7 finance ministers meeting on Friday. I think there is still a significant amount of event risk and that is tending to temper the dollar's movement,Alex Beuzelin
The DollarYen remained hemmed in narrow ranges as traders were unsuccessful in their attempts to push the dollar through key technical resistance.
Alex Beuzelin
With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.
Alex Beuzelin
Without being specific, (he) indicated once again that the end of the zero-interest rate policy is nearing.
Alex Beuzelin
Overall, in the short term this is not going to deter the Fed from continuing its measured rate tightening campaign,
Alex Beuzelin
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