EUR/USD: US PPI - Market News and Research - Dukascopy Bank

Fri, 12 Jul 2019 13:12:49 GMT
Source: Dukascopy Bank SA
 

The European Common Currency traded sideways against the US Dollar, following the US PPI data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.03% right after the release. The Euro continued trading at the 1.1245 level against the Greenback.

Bureau of Labor Statistics released the US PPI data, which came out in line with the expectations of 0.1%.

According to the official release: "Final demand prices moved up 0.1 percent in May and 0.2 percent in April. On an unadjusted basis, the final demand index rose 1.7 percent for the 12 months ended in June, the lowest rate of increase since advancing 1.7 percent in January 2017.The index for final demand less foods, energy, and trade services was unchanged in June following advances of 0.4 percent in both April and May. For the 12 months ended in June, prices for final demand less foods, energy, and trade services climbed 2.1 percent."


Historical Data: US PPI m/m
Date14.02.1913.03.1911.04.1909.05.1912.07.19
Actual-0.1%0.1%0.6%0.2%0.1%
Forecast0.1%0.2%0.3%0.2%0.1%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/USD0.698760.69864-0.02%
EUR/USD1.125031.12481-0.02%
NZD/USD0.666700.66657-0.02%
USD/JPY108.268108.2920.02%
July 11, 2019 Open Positions
PairLongsShorts
AUD/USD61.2%38.8%
EUR/USD27.0%73.0%
NZD/USD61.0%39.0%
USD/JPY73.1%26.9%
Economic Calendar for July 16, 2019
GMTCurrencyEventForecastPrevious
1:30AUDMonetary Policy Meeting Minutes--
8:30GBPAverage Earnings Index 3m/y-3.1%
12:30USDRetail Sales m/m-0.5%

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