EURUSD down 0.5% amid US PPI inflation report🚨

Final US PPI (m/m) for December: 0.5% (forecast 0.2%; previous 0.2%)

Final PPI (y/y): 3.0% (forecast 2.8%; previous 3.0%)
Core PPI excluding food and energy (m/m): 0.7% (forecast 0.2%; previous 0.0%)
Core PPI excluding food and energy (y/y): 3.3% (forecast 2.9%; previous 3.0%)
PPI excluding food, energy and trade (m/m): 0.4% (forecast 0.3%; previous 0.2%)
PPI excluding food, energy and trade (y/y): 3.5% (forecast 3.4%; previous 3.5%)

The US dollar is gaining strength today, reacting not only to the latest US PPI data, but also to confirmation from Donald Trump that Kevin Warsh has been selected as the new Fed Chair.

Who is the new Fed Chair?

Kevin Warsh is an American economist and the youngest person in history to serve on the Federal Reserve Board of Governors. He held the role from 2006 to 2011 and represented the Federal Reserve at the G20, as well as in relations with Asian economies. He is currently the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and teaches at the Stanford Graduate School of Business. He is also a partner of Stanley Druckenmiller at Duquesne Family Office LLC. Previously, he worked as an economic adviser to the President of the United States, and began his career in Morgan Stanley’s mergers and acquisitions department. He is the author of an independent report for the Bank of England, whose recommendations were adopted by the UK Parliament.

Source: xStation

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days