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.
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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