BREAKING: USD strengthens after PPI data

1:32 PM December 9, 2022

Producer Prices in the US decreased to 7.4% YoY in November from 8.0% in the previous month and above market expectations of 7.2%.

Core PPI decreased to 6.2% YoY in November, following a 6.7% increase in October and above expectations of a 5.9%.

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EURUSD fell sharply and is approaching support at 1.05. Source: xStation5

 

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