EUR/USD declined today. While the currency pair had started falling before US macroeconomic releases, the positive US economic data added to the downward momentum of the pair.
PPI rose 0.6% in March, seasonally adjusted, accelerating from the February’s 0.1% rate of growth and beating the average forecast of a 0.3% increase. (Event A on the chart.)
Seasonally adjusted initial jobless claims dropped to 196k last week from the previous week’s revised level of 204k. It was the lowest reading since October 1969. Analysts had predicted ahead of the report an increase to 210k. (Event A on the chart.)
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