Producer Prices in the US decreased to 8.0%YoY in October from 8.5% in the previous month and below market expectations of 8.3%.
Core PPI decreased to 6.7% YoY in October, following a 7.2% increase in September and below market expectations of a 7.2%.
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EURUSD is trading higher today and today’s data provided more fuel for bulls. The main currency pair is currently approaching a short-term resistance zone in the 1.0440 area. Source: xStation
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