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The Greenback strengthened against the Eurozone's single currency, following the US PPI data release on Wednesday. The EUR/USD currency pair lost four pips, or 0.03%, to continue fluctuating in the 1.1775 area.
The Bureau of Labor Statistics released Producer Price Index data that came out better-than-expected of 0.50%, compared to the forecast of 0.30% and 0.10% in the previous period.
On Wednesday, the Labor Department said that the increase in the Wholesale Prices was boosted by the surge in gasoline prices and continuous rise in the cost of services.
| Historical Data Table: US PPI m/m | Economic Calendar for 13.06.2018 | ||||||||
| Date | 15.02.2018 | 14.03.2018 | 10.04.2018 | 09.05.2018 | 13.06.2018 | 12:30 PM | EU Core Retail Sales m/m | ||
| Actual | 0.40% | 0.20% | 0.30% | 0.10% | 0.50% | 12:30 PM | US PPI Input m/m | ||
| Forecast | 0.40% | 0.10% | 0.10% | 0.20% | 0.30% | 12:30 PM | US Retail Sales m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.75847 | 0.75828 | -0.03% | AUD/USD | 67.73% | 32.27% | |||
| EUR/USD | 1.17629 | 1.17598 | -0.03% | EUR/USD | 61.66% | 38.34% | |||
| USD/JPY | 110.51 | 110.544 | 0.03% | USD/JPY | 53.34% | 46.66% | |||
| NZD/USD | 0.70413 | 0.70407 | -0.01% | NZD/USD | 51.85% | 48.15% | |||