US data continues continues coming just a bit above expectations: PPI rose 0.5% m/m, +0.1% above expectations. Core PPI rose 0.1% as predicted. Year over year PPI is down 1.1% and core +0.6%.
The US dollar is marginally stronger, but there is a bigger event coming up.
Producer prices were expected to rise 0.4% in May after falling by 0.4% in April (before revisions). Core PPI carried expectations for a rise of 0.1% after a slide of 0.2% beforehand. The PPI data precedes the CPI data next week.
The US dollar was strengthening against the euro but stable against other currencies towards the release.
There is a more important publication awaiting us to seal the weak: UoM consumer sentiment.
See how to trade the consumer confidence with EUR/USD.
In our latest podcast, we bring you up to speed with the Fed decision and the USD impact, and also tackle the Greek crisis from two different angles.
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