US Dollar drops due to PPI

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Wednesday, at 12:30 GMT, the US Dollar dropped due to higher than expected Producer Price Indices being released. For example, the EUR/USD surged almost 20 base points on the data release.

The PPI came in at 1.00% instead of the market consensus 0.60%. Meanwhile, core PPI, which excludes food and energy prices, was at 1.00% instead of forecast 0.50%

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