US manufacturing inflation data for June is negative for the crypto market. Higher than expected. This poses risks for the continued decline in US food inflation in July. It should be expected when the data is published in August.
- Core producer price index (PPI) (y/y) (June) - 3.0% with a forecast of 2.5% and the previous figure of 2.6%.
- Producer price index (PPI) (y/y) (June) - 2.6% with a forecast of 2.3% and the previous figure of 2.4%.
The#BTCrate reacted very sluggishly to the data, with a correction of -0.76%, and is now winning it back.
