Daily Insight -- Renmibi near 1-year high
​The DXY index moved upward on the first half of Thursday, having reached its intraday high of 93.81, as investors anticipated the inflation report. However, disappointing data about producer prices and the labor market fed into the US dollar's weakness. In a report, the US Department of Commerce said that the PPI rose only 1.9% YoY, compared to expectations for a gain of 2.2% YoY. At the same time, initial jobless claims unexpectedly rose by 3,000 to 244,000, while analysts expected it to decline by 1,000 to 240,000. On Thursday, the DXY index was in the 93.32 - 93.81 range, having closed down 0.16% to 93.4.
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