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U.S. good data

Posted on May 15, 2009 at 12:38 in News by Valeria Bednarik

The CPI index was unchanged in April from March, in line with expectations, but the core CPI, which excludes food and energy prices, jumped 0.3% last month, the largest increase since June 2008 and well above expectations for a 0.1% increase. New York manufacturing index climbed 10 points to -4.55 from -14.65 in April and the record low of -38.23 in March. The May reading was the highest since August 2008, New York Fed said. Good data is changing investors mood, and stocks are rising and yen falling. Europeans remain steady after a first positive spike. Wall Street remains under 8300 points, and I believe we have to watch for that level broken to see more dollar losses today.

Tags: dollar, News

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