BREAKING: Core PPI lower than consensus; EURUSD gains 📌

01:30 PM BST, United States - Inflation Data for July:

• Core PPI: actual 2.4% YoY; forecast 2.7% YoY; previous 3.0% YoY;
• Core PPI: actual 0.0% MoM; forecast 0.2% MoM; previous 0.3% MoM;
• PPI: actual 0.1% MoM; forecast 0.2% MoM; previous 0.2% MoM;
• PPI: actual 2.2% YoY; forecast 2.3% YoY; previous 2.7% YoY;
• PPI ex. Food/Energy/Transport: actual 3.3% YoY; previous 3.2% YoY;
• PPI ex. Food/Energy/Transport: actual 0.3% MoM; previous 0.1% MoM;

The lower data, especially the drop in core PPI is met with optimistic reaction of the markets. After the report release, US dollar depreciates with EURUSD rise, a slight increase of US500, US100 and in the cryptocurrency market.

Source: xStation 5