DXY slips as hot PPI stokes stagflation fears
DXY slides to 97.60 after a hotter-than-expected producer price report fuels concerns over sticky inflation and slowing growth. January PPI rose 0.5% month-on-month, well above the 0.3% consensus, though analysts noted the overshoot was concentrated in trade services, a category that may not reflect true real-time price changes. Rising US-Iran tensions and fresh tariff uncertainty following the Supreme Court's IEEPA ruling are adding cross-currents to the broader risk outlook. DXY slips as hot PPI stokes stagflation fears Joshua Gibson Joshua Gibson FXStreet DXY fell about 0.2% on Friday, grinding back into 97.60 after a hotter-than-expected Producer Price Index (PPI) report amplified concerns that inflation is proving stickier than the Federal Reserve (Fed) would like, weighing on growth expectations and dragging the Greenback lower. The index has been grinding higher since bouncing off its February low near 95.60 in late January, recovering roughly 200 points in a serie...