Watch More: Dukascopy TV
The Greenback weakened against the European Single Currency, following the US PPI data release. The EUR/USD currency pair gained 4 pips, or 0.04%, to continue fluctuating in the 1.1595 area.
The Bureau of Labor Statistics released Producer Price Index that came lower-than-expected of 0.00% with the forecasted number of 0.20%.
Janis Macukans, senior analyst at Dukascopy, commented: " Nothing much was expected from the PPI. Although, even for a minor release it was rather disappointing."
| Historical Data Table: PPI m/m | Economic Calendar for 10.08.2018 | ||||||||
| Date | 14.03.2018 | 10.04.2018 | 09.05.2018 | 13.06.2018 | 09.08.2018 | 12:30 PM | CA Employment Change |
||
| Actual | 0.20% | 0.30% | 0.10% | 0.50% | 0.00% | 12:30 PM | CA Unemployment Rate | ||
| Forecast | 0.10% | 0.10% | 0.20% | 0.30% | 0.20% | 12:30 PM | US CPI m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.74198 | 0.74209 | 0.01% | AUD/USD | 60.24% | 39.76% | |||
| EUR/USD | 1.15935 | 1.15954 | 0.02% | EUR/USD | 66.13% | 33.87% | |||
| USD/JPY | 111.062 | 111.055 | -0.01% | USD/JPY | 49.59% | 50.41% | |||
| NZD/USD | 0.66527 | 0.6654 | 0.02% | NZD/USD | 64.86% | 35.14% | |||