BREAKING: USD strengthens slightly after PPI inflation data

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Producer Prices in the US decreased to 8.7 %YoY in August from 9.8% in the previous month and below market expectations of 8.9%.

Producer prices for final demand in the US excluding foods and energy decreased to 7.3% YoY in August, following a 7.6% increase in July, still above market expectations of a 7.1%.

EURUSD is trading lower today and today’s data provided more fuel for bears. The main currency pair is currently is moving further away from parity level. Source: xStation

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