EUR/USD: US PPI and Unemployment Claims

The Euro traded sideways against the US Dollar, following the US PPI and Unemployment Claims data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 6 pips or 0.06% after the release. The Euro continued trading at the 1.1380 level against the Greenback after the release.

The Bureau of Labor Statistics released the US PPI data, which came out better-than-expected of 0.4% compared with the forecast of 0.1%. Note that the US Unemployment Claims data also came better-than-expected of 1542K.

According to the official release: "In May, the advance in the final demand index is attributable to prices for final demand goods, which climbed 1.6 percent. In contrast, the index for final demand services fell 0.2 percent. Prices for final demand less foods, energy, and trade services edged up 0.1 percent in May, following three consecutive declines. For the 12 months ended in May, the index for final demand less foods, energy, and trade services moved down 0.4 percent, the largest 12-month decrease since the index began in August 2013."