Euro Edges Higher Against US Dollar After Soft US PPI Data

Dollar Ends Little Changed Despite Dovish US PPI Report

The dollar index (DXY00 ) on Thursday ended the day little changed despite downward pressure from the dovish US PPI report, which lowered the odds of a Fed rate hike in September to 35% from 40% on Wednesday. In addition, the 10-year T-note yield fell -5 bp, undercutting the dollar's...

Euro Edges Higher Against US Dollar After Soft US PPI Data

BitcoinWorld Euro Edges Higher Against US Dollar After Soft US PPI Data The euro edged higher against the US dollar on [date], following the release of softer-than-expected US Producer Price Index (PPI) data, which reinforced market expectations that the Federal Reserve may begin cutting interest rates later this year. The EUR/USD pair traded up 0.2% to 1.0845 as of [time] ET, extending its recovery from last week’s lows. US PPI Data and Market…