Producer Prices in the US decreased to 8.7 %YoY in August from 9.8% in the previous month and below market expectations of 8.9%.
Producer prices for final demand in the US excluding foods and energy decreased to 7.3% YoY in August, following a 7.6% increase in July, still above market expectations of a 7.1%.
EURUSD is trading lower today and today’s data provided more fuel for bears. The main currency pair is currently is moving further away from parity level. Source: xStation
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
Pick of the week: Can Brent crude stay below $100 per barrel?
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
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