BREAKING: Eurozone's PPI below estimates

10:00 AM BST, Euro Zone - Producer Price Inflation index for June:

YoY: 0.7%, forecast 1.2%, previosuly 1.9%
MoM: -2,2%, forecast -1.8%, previosuly -1.6%

June’s wholesale inflation came in well below expectations, highlighting the intensifying disinflationary pressures in the Eurozone. However, EURUSD remains range-bound, as traders focus more on the upcoming ECB policy decision and the U.S. nonfarm payrolls report.

Source: xStation5

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