Producer Prices in the US increased to 8.6% %YoY in October from 8.3% in the previous month and below market expectations of 8.7%.
Producer prices for final demand in the US excluding foods and energy increased 0.4% from a month earlier in October, accelerating from a 0.2% gain in September but below market expectations of a 0.5% rise. Year-on-year, core producer prices jumped 6.8%, remaining the largest advance on record.
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to test support at 1.1575. Source: xStation5
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