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%.
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
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth