EUR/USD Hits 1.16–1.20 Following PPI Surprise
The PPI report in the US changed the dynamics for EUR/USD in just one session. Headline PPI increased by 0.5% month-over-month, while core PPI rose by 0.7% month-over-month, contrasting with the consensus expectation of 0.2% for each. This led to a recalibration of the anticipated second Fed cut in 2026, shifting it toward October, resulting … Read more