The euro remained soft today as the eurozone economy continued to look not that hot, with economic data pointing at weakness.
Eurostat reported that the Producer Price Index rose 0.2% in July from the previous month after falling 0.6% in June. Analysts had predicted a slightly bigger increase of 0.3%. The weaker-than-expected data added to the negative impact of the US-China trade conflict and fears of disorderly Brexit.
EUR/USD dropped from 1.0966 to 1.0935 as of 12:02 GMT today, and its daily low of 1.0926 was the lowest since May 2017. EUR/JPY declined from 116.52 to 116.05, touching the low of 115.86 — the lowest since April 2017.
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