The Euro traded sideways against the US Dollar, following the US PPI data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate gained 1 pips or 0.01% after the release. The Pound continued trading at the 1.0880 level against the Greenback after the release.
[/ANNOUNCE]The Bureau of Labor Statistics released the US PPI data, which came out worse-than-expected of negative 1.3% compared with the forecast of negative 0.5%.
According to the official release: "This decrease is the largest since the index began in December 2009. In April, over 80 percent of the decrease in the final demand index can be traced to a 3.3-percent drop in prices for final demand goods. The index for final demand services moved down 0.2 percent."
| Date | 15.01.20 | 19.02.20 | 12.03.20 | 09.04.20 | 13.05.20 |
|---|---|---|---|---|---|
| Actual | 0.1% | 0.5% | -0.6% | -0.2% | -1.3% |
| Forecast | 0.2% | 0.1% | -0.1% | -0.3% | -0.5% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.65171 | 0.65153 | -0.03% |
| EUR/USD | 1.08757 | 1.08759 | 0.00% |
| NZD/USD | 0.60477 | 0.60459 | -0.03% |
| USD/JPY | 106.918 | 106.897 | -0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 43.8% | 56.3% |
| EUR/USD | 30.4% | 69.6% |
| NZD/USD | 51.2% | 48.8% |
| USD/JPY | 50.2% | 49.8% |
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