The Dollar Is A Little Softer This Morning

The Dollar is a little softer this morning after the release of August's producer price figures, which were notably tame. The monthly headline figure was up .1%, while the core PPI was down .4%. Housing starts and building permits were also less then expected at 1.66m and 1.72m, respectively. In general terms, today's data, once again, largely confirms the Fed's view that inflation is contained, owning largely to a general, housing-led slowdown. Read More....