The U.S. released the producer price index for the month of July, where PPI rose by 0.2%, compared with the prior slash worth 0.4% while better than the projected estimate by 0.1% while compared with a year earlier, PPI rose by 7.2%, compared with the prior estimate and the median estimates of 0.7%.

Core PPI rose by 0.4% above the expected and prior estimates of 0.2% and 0.3% respectively, while compared with a year earlier, core PPI climbed faintly by 2.5% from the prior 2.4% and above the expected estimate of 2.3%.