12:34 PM · 14 June 2022

BREAKING: USD sees little reaction to upbeat US PPI data

Producer Prices in the US decreased slightly to 10.8 % YoY in May from 11.0% in the previous month and below market expectations of 10.9%.
Producer prices for final demand in the US excluding foods and energy decreased to 8.3% year-on-year in May, following a 8.8% gain in April and below market expectations of a 8.6%.

EURUSD barely reacted to the release of PPI data. The most popular currency pair continued to trade around 1.0460 level. Source: xStation5

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