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The Greenback weakened against the Eurozone's single currency, following US PPI data release on Wednesday. The EUR/USD currency pair gained only five pips, or 0.04%, to continue fluctuating in the 1.1877 area.
The Bureau of Labor Statistics released two data simultaneously, where Producer Price Index data came out lower-than-expected of 0.10%, but Producers Price Index Core data came out as expected of 0.20% for the month of April.
Wholesale inflation slowdown in the US was weighed down by declining prices in clothing, health and beauty and accommodation services.
| Historical Data Table: US PPI m/m | Economic Calendar for 09.05.2018 | ||||||||
| Date | 11.01.2018 | 15.02.2018 | 14.03.2018 | 10.04.2018 | 09.05.2018 | 4:00 PM | NZD Official Cash Rate | ||
| Actual | -0.10% | 0.40% | 0.20% | 0.30% | 0.10% | 7:00 PM | NZD RBNZ Monet. Policy Stat. | ||
| Forecast | 0.20% | 0.40% | 0.10% | 0.10% | 0.20% | 9:30 PM | NZD RBNZ Rate Statement | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.75231 | 0.75244 | 0.02% | AUD/USD | 68.00% | 32.00% | |||
| EUR/USD | 1.19728 | 1.19752 | 0.02% | EUR/USD | 65.94% | 34.06% | |||
| USD/JPY | 109.36 | 109.333 | -0.02% | USD/JPY | 53.51% | 46.49% | |||
| NZD/USD | 0.70379 | 0.70398 | 0.03% | NZD/USD | 50.47% | 49.53% | |||