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US PPI data in focus- TD Securities

FXStreet (Łódź) - Tim Davis, Vice President, Global Strategist at TD Securities suggests that the US PPI numbers will attract attention today as market participants will look for indications of change in the inflationary momentum.

Key quotes

"We look for energy prices to push headline prices 0.1% m/m lower in August as core prices rise 0.1% m/m."

"While the PPI report typically does not translate perfectly into consumer prices, we believe considerable downward pressure on energy prices could keep CPI momentum similarly contained on Wednesday."

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