U.S. PPI increased by 0.4%

The Producer Price Index for final demand increased 0.4 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.4 percent in September and 0.2 percent in August. On an unadjusted basis, the final demand index increased 2.8 percent for the 12 months ended in October, the largest rise since an advance  of 2.8 percent for the 12 months ended February 2012.

USD - Major events in the week ahead

Events that marked the week:

 On Wednesday Crude Oil Inventories data was published. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels from the previous week. At 457.1 millionbarrels, U.S. crude oil inventories are in the upper half of the average range for this timeof year. Total motor gasoline inventories decreased 3.3 million barrels last week, and arein the lower half of the average range. Finished gasoline inventories increased, but blending components inventories decreased last week.

U.S. Consumer Sentiment Unexpectedly Drops Amid Price Concerns

Consumer sentiment in U.S. unexpectedly fell by the most in a year amid expectations that inflation and interest rates will rise, according to a University of Michigan report Friday. Sentiment index dropped to 97.8 (est. 100.8) from 100.7. Current conditions gauge, which measures Americans’ perceptions of their finances, fell to 113.6 from 116.5. Expectations measure decreased to 87.6 from 90.5.

Unemployment Claims rose to 239,000

In the week ending November 4, the advance figure for seasonally adjusted initial claims was 239,000, an increase of 10,000 from the previous week's unrevised level of 229,000. The 4-week moving average was 231,250, a decrease of 1,250 from the previous week's unrevised average of 232,500. This is the lowest level for this average since March 31, 1973 when it was 227,750. Claims taking procedures continue to be severely disrupted in the Virgin Islands. The ability to take claims has improved in Puerto Rico and they are now processing backlogged claims.