The U. S. dollar reached its new all-time low against the European currency and is now trading just a little below that level. After some positive economic releases came out in U.S. dollar recovered slightly but is still trading in a very dangerous zone near 1.6000 level. The new maximum on EUR/USD is 1.6038.
NY Empire State index posted an unexpected increase in June, going up from -8.7 to -4.9. While it still remains below zero, experts didnt expect it rise above -8.0 level.
Retail sales climbed only 0.1% up in June, while a growth by at least 0.4% was expected by the markets and growth in May was as high as 1%.
Producer price index gained 1.8% in June — above the forecasted 1.3% and Mays 1.4% growth.
Producer price index rose by 0.3% in May after 0.5% growth in April and the average estimate of 0.5% for May.
