BREAKING: US Producer Prices rise more than expected

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Producer prices for final demand, s went up 1.0 % from 0.5% in the previous month. Year-on-year producer prices in the US rose 4.2 % from a year earlier in March, following a 2.8 % increase in February. Today's reading came in above analysts’ expectations of a 3.8% increase.

Producer prices for final demand excluding foods and energy in the US advanced 0.7 % month-over-month in March, following a 0.2 % jump in February and above market consensus of 0.2%. Year-on-year, producer price inflation rose to 3.1% from 2.5% in the previous month and above market expectations of 2.7%.

EURUSD bounced off the 1.1894 resistance after today's data releases and is heading towards the next support level at 1.1862. Source:xStation5

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